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Congress scrambles to extend estate tax
Assiciated Press ^ | 12/02/2009 | STEPHEN OHLEMACHER

Posted on 12/02/2009 4:40:08 AM PST by cbkaty

WASHINGTON (AP) -- Next year had been shaping up as a great year to get a big inheritance - no federal taxes on it. Congress, however, has other plans for the few wealthy heirs expecting a big boon. Uncle Sam may take a 45 percent cut after all.

Under current law, the federal estate tax is scheduled to temporarily disappear next year before returning in 2011 at an even higher rate. But the House is expected to vote as early as Thursday on a bill that would permanently extend the current top rate of 45 percent on estates larger than $3.5 million.

(Excerpt) Read more at hosted.ap.org ...


TOPICS: News/Current Events; Politics/Elections
KEYWORDS: estatetax; plunder; socialism; taxandspend
Plunder.........that's all it is and it is disgusting. Will retribution be imminent?


1 posted on 12/02/2009 4:40:10 AM PST by cbkaty
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To: cbkaty

Disgusting thieves. Why not just have the IRS waiting at granny’s bedside so they can grab it all.


2 posted on 12/02/2009 4:56:45 AM PST by bgill (The framers of the US Constitution established an entire federal government in 18 pages.)
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To: bgill
Confiscation of 45% of anything is blatant theft...legal plunder by the scum in congress that live off the blood of the hard working and the saver.....

They are poking at a sleeping lion....

It's not just the estate tax....but that is the most disgusting of all government thefts...what took a lifetime to accumulate will be redistributed in 5 minutes....

3 posted on 12/02/2009 5:08:59 AM PST by cbkaty (I may not always post...but I am always here......)
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To: cbkaty

More disgusting leftist Marxist douchebaggery afoot.


4 posted on 12/02/2009 5:11:04 AM PST by shankbear (Al-Qaeda grew while Monica blew)
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To: cbkaty

read later


5 posted on 12/02/2009 5:18:34 AM PST by John.Galt2012 (I'll take Liberty and you can keep the "Change"!)
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To: cbkaty

“The law has placed the collective force at the disposal of the unscrupulous who wish, without risk, to exploit the person, liberty, and property of others.”

“But how is this legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime.”

“Then abolish this law without delay, for it is not only an evil itself, but also it is a fertile source for further evils because it invites reprisals. If such a law — which may be an isolated case — is not abolished immediately, it will spread, multiply, and develop into a system.”

“It is impossible to introduce into society a greater change and a greater evil than this: the conversion of the law into an instrument of plunder.”

“Now, legal plunder can be committed in an infinite number of ways. Thus we have an infinite number of plans for organizing it: tariffs, protection, benefits, subsidies, encouragements, progressive taxation, public schools, guaranteed jobs, guaranteed profits, minimum wages, a right to relief, a right to the tools of labor, free credit, and so on, and so on. All these plans as a whole — with their common aim of legal plunder — constitute socialism.”

The above quotes from “The Law” - Frederic Bastiat


6 posted on 12/02/2009 5:20:41 AM PST by listenhillary (I believe AGW is real now. It was caused by scientists and greenies LYING!)
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To: cbkaty

Estate Planning Attorney and Accountants Full Employment Act of 2009.


7 posted on 12/02/2009 5:21:51 AM PST by kennedy (No relation to Teddy.)
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To: listenhillary
Bastiat

I lift the word "Plunder" from old Frederic.....

The state is that great fiction by which everyone tries to live at the expense of everyone else....

------Bastiat (1801-1850)

You are well read sir or madam... My hope is that all in this forum have or will soon read "The Law" by Bastiat.

8 posted on 12/02/2009 5:31:01 AM PST by cbkaty (I may not always post...but I am always here......)
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To: cbkaty

This corrupt, putrid government needs to fall and fall hard.


9 posted on 12/02/2009 5:32:00 AM PST by july4thfreedomfoundation (A Jimmy Carter got us a Ronald Reagan.....a Barack Obama will get us a Sarah Palin)
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To: kennedy
Estate Planning Attorney and Accountants Full Employment Act of 2009

Wrong: The vast vast majority of estates are less than 3.5 million dollars. If this was the Full empolyment act Congress should do nothing. In 2011 the estate tax is on estates over 1 million dollars.

10 posted on 12/02/2009 5:37:01 AM PST by cynicalman
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To: listenhillary
Lifted from your page.....listenhillary.

Let me tell you how it will be
There's one for you, nineteen for me
'Cause I'm the taxman, yeah, I'm the taxman

Should five per cent appear too small
Be thankful I don't take it all
'Cause I'm the taxman, 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.

Don't ask me what I want it for
If you don't want to pay some more
'Cause I'm the taxman, yeah, I'm the taxman

Now my advice for those who die
Declare the pennies on your eyes
'Cause I'm the taxman, yeah, I'm the taxman
And you're working for no one but me.

11 posted on 12/02/2009 5:37:13 AM PST by cbkaty (I may not always post...but I am always here......)
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To: cynicalman
The vast vast majority of estates are less than 3.5 million dollars. If this was the Full empolyment act Congress should do nothing. In 2011 the estate tax is on estates over 1 million dollars.

..theft of 45% of even a dime is dispicable. I consider it political punishment of the successful, the thrifty, the self-reliant, those that pay their bills, live within their means...only to have it stolen before the body gets cool.

The hottest spot in Hell awaits those that plunder....

12 posted on 12/02/2009 5:44:14 AM PST by cbkaty (I may not always post...but I am always here......)
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To: cbkaty

Is there any legal way to get around this?


13 posted on 12/02/2009 6:03:08 AM PST by SumProVita (Cogito, ergo...Sum Pro Vita. (Modified Decartes))
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To: SumProVita
Is there any legal way to get around this?

Legal? I wonder what Jefferson had to say about unconstituional legislation?

Step 1 - Flush the putrid bowel of congressional poop in 2010
Step 2 - Double-flush the socialist President 2012
Step 3 - Any other step required.....

14 posted on 12/02/2009 6:17:35 AM PST by cbkaty (I may not always post...but I am always here......)
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To: cbkaty

This administration has NO real respect for the Constitution or its Founders.


15 posted on 12/02/2009 6:18:56 AM PST by SumProVita (Cogito, ergo...Sum Pro Vita. (Modified Decartes))
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To: SumProVita
This administration has NO real respect for the Constitution or its Founders.

That's understood.....but we respect the constitution....

That's all that counts. The takers will always take....expect it....and defeat them.

16 posted on 12/02/2009 6:25:09 AM PST by cbkaty (I may not always post...but I am always here......)
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To: cbkaty
Confiscation of 45% of anything is blatant theft...legal plunder by the scum in congress that live off the blood of the hard working and the saver.....

They are poking at a sleeping lion....

It's not just the estate tax....but that is the most disgusting of all government thefts...what took a lifetime to accumulate will be redistributed in 5 minutes....

The difference between them and us, is they are willing to use their guns to enforce thier will at the drop of a hat.

17 posted on 12/02/2009 7:19:25 AM PST by zeugma (Proofread a page a day: http://www.pgdp.net/)
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To: cbkaty
How many of these b@#tards have secret off shore accounts?

How many of them have used high priced attorneys to shelter their own estates?

All of them?

sw

18 posted on 12/02/2009 7:27:07 AM PST by spectre (Spectre's wife)
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To: cbkaty
. My hope is that all in this forum have or will soon read "The Law" by Bastiat.

The Law is one of my favorites. Bastiat was a giant. There are downloadable copies on the net.

I also recommend Locke.

19 posted on 12/02/2009 7:44:37 AM PST by zeugma (Proofread a page a day: http://www.pgdp.net/)
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To: zeugma
The difference between them and us, is they are willing to use their guns to enforce thier will at the drop of a hat.

.......possible, but not likely once the lines are drawn between the states that proclaim their sovereignty and the federal thieves....

I seriously doubt that the armed forces would act against the American Patriot....nor will the State Militia, State police, etc. It's coming....when? Who knows.... No need for violence...just stand up and say NO...no more...you are fired!

Imagine 1,000, 10,000, 500,000, 1,000,000 people or more declaring the end to tyranny.

20 posted on 12/02/2009 7:45:08 AM PST by cbkaty (I may not always post...but I am always here......)
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To: zeugma
The Law-Bastiat
21 posted on 12/02/2009 7:48:49 AM PST by cbkaty (I may not always post...but I am always here......)
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To: cbkaty
The difference between them and us, is they are willing to use their guns to enforce thier will at the drop of a hat. .......possible, but not likely once the lines are drawn between the states that proclaim their sovereignty and the federal thieves....
I seriously doubt that the armed forces would act against the American Patriot....nor will the State Militia, State police, etc. It's coming....when? Who knows.... No need for violence...just stand up and say NO...no more...you are fired! Imagine 1,000, 10,000, 500,000, 1,000,000 people or more declaring the end to tyranny.
How? State Sovereignty movement sounds good but has accomplised Zero. FedGov has ample resoures to come after 1,000 people who stop obeying their laws. Even 10,000 isn't that big a problem. There are 14 million Federal Employees (including military and post office). If throw in SSI recipients you soon find that even in the Redest of Red states, Wyoming for instance, you have a huge percent of people dependent on The State for their sustinance. Trying to pass resolutions ending FedGov illegality and unconstitutional programs is therefore very difficult in any state. If not impossible. Which is why to date all such resolutions have the impact of declaring today "Pet Weasel Day". Buy, hey I am ALL EARS if you have a plan. I should would love to see one.
22 posted on 12/02/2009 9:55:56 AM PST by Jack Black
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To: Jack Black
Frankly.....it will take a legitimate threat of succession.

Now, I do not say this to be bombastic. Actual state legislation will get attention and may ignite a movement. Of course, the pain applied by the socialists will have to increase beyond the severe pain threshold.

The fire of freedom will likely start in Texas.

23 posted on 12/02/2009 10:47:55 AM PST by cbkaty (I may not always post...but I am always here......)
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To: cbkaty

Or Oklahoma..........


24 posted on 12/02/2009 10:52:03 AM PST by Osage Orange (Obama's a self-made man who worships his own creator...............)
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To: cbkaty

How much estate tax did Ted Kennedy pay?

None?

Since the money is all hid where ......? Some crazy place like Fiji, I read.

Info, anyone?


25 posted on 12/02/2009 10:54:04 AM PST by DontTreadOnMe2009 (So stop treading on me already!)
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To: Osage Orange

Texas and Oklahoma....there could be a new combined power on the field.....Allies..... Sounds like a good idea to this Texan.


26 posted on 12/02/2009 11:06:25 AM PST by cbkaty (I may not always post...but I am always here......)
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To: cbkaty

We live in interesting times...........


27 posted on 12/02/2009 11:10:18 AM PST by Osage Orange (Obama's a self-made man who worships his own creator...............)
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To: DontTreadOnMe2009
How much estate tax did Ted Kennedy pay?

No income.....no tax.

No one should have their wealth plundered upon death....not even Ted Kennedy.

28 posted on 12/02/2009 11:13:59 AM PST by cbkaty (I may not always post...but I am always here......)
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To: cbkaty
The fire of freedom will likely start in Texas.

I'd love to think so, but I doubt it. The 2000 Census showed that Texas was 11.5% black and 32% Latino. That's a serious hump to overcome in your battle for restoration of the Republic. Blacks are lockstep with Socialism, that has been proven in numerous elections. Latino's are 2/3 Dem voting, but trending in that direction. I know Texas has many proud Latino families that have internalized the Texas spirit. But I suspect they are being overwhelmed by recent immigrants.

I hope I'm wrong. I'd love to see a Free Texas, but I think the demographic trends are against you and the next Census will show this definatively.

29 posted on 12/02/2009 11:38:53 AM PST by Jack Black
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To: Jack Black
JB......I will NEVER throw in the towel.... I have faith that those citizens in Texas that work hard...that save...that pay their bills....that discipline their kids...and that pray for a better future for our children will come together regardless of ethnicity.

The alternative is to form the alliances necessary...and play smarter than the opposition. We are dealing with intelligent leaders of criminal enterprizes, i.e. ACORN.

30 posted on 12/02/2009 11:49:24 AM PST by cbkaty (I may not always post...but I am always here......)
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