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Death and Whoopi's Taxes
The Wall Street Journal ^ | December 10, 2007

Posted on 12/10/2007 11:38:09 AM PST by Dane

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Whoopi gets it, unlike Bill Gates and Warren Buffet.
1 posted on 12/10/2007 11:38:10 AM PST by Dane
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To: Dane
The estate tax is unpopular. No one likes it. The federal tax ought to be permanently abolished.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

2 posted on 12/10/2007 11:41:25 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Dane
No, whoopie didn't know that Bush and the evil and vast RWC are the supporters of abolishing this tax, otherwise she would rant herself horse about how we are giving tax breaks to the rich and taking the food out of the mouths of poor babies and old people.

By now she knows, and you will never hear another peep from her about it.

Buffet and Gates are execrable

3 posted on 12/10/2007 11:43:06 AM PST by bill1952 (The right to buy weapons is the right to be free)
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To: Dane
She gets it ! On Bill Gates, I understand it is William Gates, Sr that favors retaining the death tax not M$ CEO & Chairman Bill Gates, Jr. Kind of sick, many corporate executives favor retaining this unjust tax. Now on Whoopi, it would be nice for her to support the Republicans who support killing this tax.
4 posted on 12/10/2007 11:43:20 AM PST by CORedneck
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To: Dane
Whoopi gets it, unlike Bill Gates and Warren Buffet.

No, Whoopi wants it like Gates and Buffet. ;-)

5 posted on 12/10/2007 11:44:47 AM PST by Ouderkirk (Hillary = Senator Incitatus, Clintigula's whore...er, horse.)
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To: Dane

That twit whoopi must be off her meds........


6 posted on 12/10/2007 11:46:20 AM PST by rockabyebaby (HEY JORGE, SHUT UP AND BUILD THE BLEEPING FENCE, ACTIONS SPEAK LOUDER THAN WORDS.)
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To: Dane

“and under current law the rate falls to zero in 2010. In 2011, however, the death tax is resurrected”

Memo To: Warren Buffett

From: Your Kids

Message: Please die between Jan 1st, 2010 and Dec 31st, 2011.

Love, Your Kids


7 posted on 12/10/2007 11:48:09 AM PST by skipper18 (Freshmeat!)
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To: goldstategop

Oh, I’d say the estate planners like it, the life insurance salesmen like it, the prefer-stepped-up-income-tax-basis people like it . . and of course, liberals love it.

But other than those, you’re clearly right. The FET is a disgrace.


8 posted on 12/10/2007 11:49:10 AM PST by A_Former_Democrat
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To: Dane
I actually watch the View with some frequency. It can be very hard to take, very infruriating, but there are often very interesting moments.

I won't say I like Whoopi, but she is not a leftwing kool-aid drinker. I think she is a true moderate, believing in some leftwing ideas, and some rightwing ideas.

I find myself agreeing with her on a number of issues. But I'm not sure I have ever nodded at Joy Behar or Barbara Walters and said, "Ya know, she has a point!". Whoopi may not be my kind of girl, but she's different from the others on that show.

9 posted on 12/10/2007 11:49:17 AM PST by ClearCase_guy (The broken wall, the burning roof and tower. And Agamemnon dead.)
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To: Dane

It’s the “stopped clock” thing.


10 posted on 12/10/2007 11:49:24 AM PST by SouthTexas (Have a Merry and Blessed Christmas.)
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To: rockabyebaby
That twit whoopi must be off her meds........

Not to worry, her masters will have her back on her meds soon and she'll be preaching the redistribution of wealth line again in no time.

11 posted on 12/10/2007 11:53:56 AM PST by rhombus
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To: ClearCase_guy
I won't say I like Whoopi, but she is not a leftwing kool-aid drinker.

I think that is because she has worked other real jobs and never had a silver spoon in her mouth as the leaders of the modern democrat party(Madam nancy, hillary, etc.) have.

One of her jobs was to dress hair at a funeral home. She said it was a great job because there were no complaints.

12 posted on 12/10/2007 11:55:39 AM PST by Dane ("Mr. Gorbachev, tear down this wall" Ronald Reagan, 1987)
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To: Dane
What Buffet and Gates know but refuse to acknowledge is that it’s perfectly legal to donate $$$ to the US government both while you’re alive and when you die (through your will).I’ve read that it’s surprisingly common for people to donate to the government by way of their will.It’s said that many such people are foreign born folks who wish to show gratitude to the US for making it possible for them to have a safe and prosperous life.
13 posted on 12/10/2007 12:00:22 PM PST by Gay State Conservative (Wanna see how bad it can get? Elect Hillary and find out.)
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To: Dane
Here’s something that liberals are going to have to consider in the future. As more and more of those people hit hardest by the cruel conservative agenda (women and minorities) amass wealth and want to pass on their estates to their kids, they are going to have to pony up death taxes as well. Let’s see how Nancy, Hillary, Howie and the rest of the leftists tell the Black Caucus that black owned businesses have to be sold off when the owners die so Uncle Sam can get his cut.

Should be worth a few $$$ a ticket.

14 posted on 12/10/2007 12:02:36 PM PST by misterrob (13 down, 6 more til the Pats win the SB again.)
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To: rhombus
Not to worry, her masters will have her back on her meds soon and she'll be preaching the redistribution of wealth line again in no time.

Liberals never include themselves in the redistribution of wealth. It is our money they wish to redistribute, not theirs. Whoopi must not have had a lawyer create tax-evading trust funds yet.

15 posted on 12/10/2007 12:04:07 PM PST by knuthom
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To: Dane
Warren Buffet gets it, he just lies about it. I am not sure on Bill Gates Jr. (the Microsoft one). But Bill Gates Sr. is another ultra wealthy individual who gets it but lies about it.

If Buffett was truly worried about not having to pay death taxes he would unshelter his estate and he wouldn't give the vast bulk of it to the Bill and Melinda Gates foundation to avoid the death tax.

16 posted on 12/10/2007 12:04:30 PM PST by Phantom Lord (Fall on to your knees for the Phantom Lord)
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To: Dane
Now my advice for those who die,
Declare the pennies on your eyes, form the Beatles Taxman.

Let me tell you how it will be,
There’s one for you, nineteen for me,
‘Cos I’m the Taxman,
Yeah yeah, I’m the Taxman.
Should five per cent appear too small,
Be thankful I don’t take it all,
‘Cos I’m the Taxman,
Yeah yeah, I’m the Taxman.
(If you drive a car), I’ll tax the street,
(If you try to sit), I’ll tax your seat,
(If you get too cold), I’ll tax the heat,
(If you take a walk), I’ll tax your feet.
Taxman.
‘Cos I’m the Taxman,
Yeah yeah, I’m the Taxman.
Don’t ask me what I want it for
(Ah Ah! Mister Wilson!)
If you don’t want to pay some more
(Ah Ah! Mister Heath!),
‘Cos I’m the Taxman,
Yeah yeah, I’m the Taxman.
Now my advice for those who die,
Declare the pennies on your eyes,
‘Cos I’m the Taxman,
Yeah, I’m the Taxman.
And you’re working for no-one but me,
(Taxman).

The Beatles.

17 posted on 12/10/2007 12:05:59 PM PST by dblshot
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To: CORedneck
Kind of sick, many corporate executives favor retaining this unjust tax.

Here is why. The ultra wealthy and exceptionally powerful corporate titans view the death tax as a vehicle to purchase businesses and assets at greatly reduced prices. When the busines owner dies, the family has to pay a huge sum, and often to raise it they have to sell that which brought them wealth to begin with.

Thats how Warren Buffett has become so wealthy. Snapping up businesses at discounted prices because of forced sales.

18 posted on 12/10/2007 12:06:59 PM PST by Phantom Lord (Fall on to your knees for the Phantom Lord)
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To: Dane
The death tax elimination is a pretty easy sell most often because it is so personal in nature.

My aunt is a big lib. Wholly based on her guilt of being so successful and others having "so little".

I remember way back in the early part of the decade being at a dinner at her house. This was shortly after Bush was elected and the elimination of the death tax was a hot topic. She came out in opposition to the elimination of it in the conversation. I let her go on for a bit on why. I then got her to reaffirm her postion, the death tax should remain.

Doing a good bit of financial work for her and her husband I know many an intimate detail about their finances, holdings, net worth, etc... So I had a good bit of ammo most wouldn't for this conversation. They also had one daughter in high school and one in college at the time.

I asked her, if you and Uncle X were to die in a car crash tomorrow you would want your daughters to get the house, cars, and assets right? Of course she replied yes. I then asked her where these two teenagers would come up with the nearly $700,000 in death taxes the estate would be liable for.

Until that moment she never realized she was one of the evil rich and would actually be subject to the death tax.

It didn't change her mind. She is still a person wholly driven by guilt and feelings. Like 99% of libs.

19 posted on 12/10/2007 12:15:59 PM PST by Phantom Lord (Fall on to your knees for the Phantom Lord)
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To: Dane
Whoopi gets it, unlike Bill Gates and Warren Buffet.

Gates and Buffet and the other trust fund hustlers pushing for the return of the Death Tax are totally full of crap because they already know they can pay as much tax as the want to. When I can see some copies of 7-figure checks they have written to the below, then I candider them to be something other than liars.

From the United States Treasury Department FAQ.

How do you make a contribution to reduce the debt?

Make your check payable to the Bureau of the Public Debt, and in the memo section, notate that it is a Gift to reduce the Debt Held by the Public. Mail your check to:

Attn Dept G Bureau Of the Public Debt
P. O. Box 2188
Parkersburg, WV 26106-2188

20 posted on 12/10/2007 12:29:25 PM PST by Ditto (Global Warming: The 21st Century's Snake Oil)
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