Death Panels and the Estate Tax

The Tax Policy Center ^ | August 14th | Howard Gleckman

[Halfmanhalfamazing]

I’ve been struggling to understand the overheated rhetoric surrounding the proposal that allows Medicare to pay for end-of-life counseling. I think I get it now: It is all about the death tax.

Here is the story the government doesn’t want you to know. The 2001 Bush tax cuts will repeal the estate tax next year, but only for a year. Starting in less than 18 months, estates in excess of $1 million will once again be taxed at a stiff 55 percent. This will cost the children of the very wealthy tens of billions of not-so-hard-earned dollars. And it creates a huge incentive for these offspring to, shall we say, accelerate nature’s course. You see where I'm going here.

[Marysecretary]

It’s very series.

[21twelve]

In a magazine article subtitle it had “Students are getting jobs in health care, one of the few growing industries today.” I told my family - ANOTHER reason Obama wants it under government control.