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Keyword: deathtax

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  • Obama Plans to Keep Estate Tax

    01/11/2009 6:04:11 PM PST · by jimbo123 · 30 replies · 1,429+ views
    Wall Street Journal ^ | 1/11/09 | JONATHAN WEISMAN
    President-elect Barack Obama and congressional leaders plan to move soon to block the estate tax from disappearing in 2010, suggesting the levy might outlive the "Death Tax Repeal" movement that has tried mightily to kill it. The Democratic stance on the estate tax contrasts with Mr. Obama's reluctance to press forward with his campaign pledge to raise income-tax rates on top earners, which he worries could have an adverse economic impact during a recession. But Democrats are determined to act quickly to prevent the estate tax's scheduled repeal. Elimination of the levy on big inheritances was approved by Congress under...
  • Insanity Alert: Democrats Look to Bring Death Tax Back to Life

    12/01/2008 5:27:55 AM PST · by Invisigoth · 8 replies · 820+ views
    North Star Writers Group ^ | December 1, 2008 | Herman Cain
    While some people are still gushing over the victory of President-elect Barack Obama, and others are now grumbling about his early cabinet announcements, fiscal hawks are focused on the volatility of the stock market and the attempts to unthaw the frozen credit and cash-flow markets. But some of us are more concerned about the coming legislative insanity of the newly elected Congress. The Unfairness Doctrine and the Employee No Choice Act are leading the parade, but I must now alert you to the No Death Tax Holiday. The insanity of the previous two pending actions was discussed in my column...
  • Estate Tax Takes Shape In Campaign Talk(McCain cut tax to 15%, Obama increase tax to 45%)

    Estate Tax Takes Shape In Campaign Talk By ARDEN DALE A DOW JONES NEWSWIRES COLUMN NEW YORK -- Estate-tax talk on the campaign trail is helping resolve a very thorny tax problem for the rich. Making a plan to shield an estate from the federal death tax has been tricky for financial planners since the Economic Growth and Tax Relief Reconciliation Act of 2001 phased in a series of changes over the past few years. The future seems clearer now, though, as Senators Barack Obama and John McCain outline their plans for the tax. A new study by the Tax...
  • Pittsburgh Stealers -- The death tax may force an NFL sale

    07/16/2008 6:31:50 AM PDT · by Zakeet · 106 replies · 482+ views
    Wall Street Journal ^ | June 16, 2008
    The citizens of Pittsburgh are getting an unpleasant lesson in the consequences of punitive taxation, courtesy of their beloved NFL franchise. Inside the Pittsburgh Steeler boardroom, a fraternal squabble is under way over future ownership—thanks in part to a sacking from the realities of estate and capital gains taxes. One of the league's iconic teams, the Steelers have been owned by the Rooney family since 1933. The five sons of the original owner, Art Rooney, control 80%—and they are getting into their 70s. With the team's value estimated at $700 million or more, the 45% federal death tax rate could...
  • Death Tax Forces Sale of Pittsburgh Steelers

    07/13/2008 2:25:51 PM PDT · by nateriver · 68 replies · 380+ views
    American Shareholders Association ^ | July 13, 2008 | Americans Shareholders Association
    It's becoming increasingly clear that the Rooney family is selling the Pittsburgh Steelers to avoid having to pay the death tax.
  • Obama stump speech strategy of conciliation considered harmful

    01/01/2008 1:38:49 PM PST · by 2ndDivisionVet · 2 replies · 174+ views
    Corrente Wire ^ | December 28, 2007
    One current permathread on Big Orange is that Krugman and Obama are feuding or having a vendetta. Which, when you take a step back, is bizarre. That movement conservatives and Villagers like stone Bush enabler William Kristol, like David Brooks, Broderella, and Andrew Sullivan are all good with Obama isn’t even mentioned in passing by Obama’s fan base. And yet those same enthusiasts spend inordinate amounts of time vilifying Paul Krugman, a true progressive who was there for us from the earliest dark days of the Bush regime. Curious. What’s really happening? Krugman doesn’t have a problem with Obama; Krugman...
  • Death and Whoopi's Taxes

    12/10/2007 11:38:09 AM PST · by Dane · 36 replies · 158+ views
    The Wall Street Journal ^ | December 10, 2007
    Death and Whoopi's Taxes December 10, 2007; Page A18 We don't normally look to Tinsel Town liberals for insights on U.S. tax policy, but Whoopi Goldberg's comments on the estate tax last week deserve more attention. During a discussion of Republican Presidential candidates on ABC's "The View," which the comedian co-hosts, Ms. Goldberg said, "I'd like somebody to get rid of the death tax. That's what I want. I don't want to get taxed just because I died." The studio audience started applauding, but she wasn't done. "I just don't think it's right," she continued. "If I give something to...
  • Taxaholics Anonymous (BDS on steroids--Hurl Alert)

    11/28/2007 1:01:57 PM PST · by 2ndDivisionVet · 21 replies · 65+ views
    The Nation ^ | Annabelle Gurwitch
    Hi, my name is Annabelle, and I'm a taxaholic. It's hard for me to admit this, but I think it's time to own up: I'm powerless over the idea that taxes are not a bad way to fund programs that might do some good for our country. My addiction has really gotten the better of me now that Bush has vetoed Congress's main social spending bill, which was to fund admittedly unworthy social endeavors like cancer research, mine safety, job training and Head Start. I'm sure you've all heard this tale over and over again. My problem started at parties...
  • Fred Thompson Announces National "Small Business Leaders for Fred Thompson" Chairman

    10/12/2007 8:36:59 PM PDT · by 2ndDivisionVet · 15 replies · 209+ views
    Fred08 ^ | October 10, 2007
    McLean, VA - Senator Fred Thompson announced today that Jack Faris, former President and Chief Executive Officer of the National Federation of Independent Businesses, will be the National Chairman of "Small Business Leaders for Fred Thompson." "I am excited to be supporting Senator Thompson, an old friend and fellow Tennessean, because he understands the role that small businesses play in our economy. Senator Thompson's record in the U.S. Senate speaks for itself, long a supporter of lower taxes, which allow Americans to invest more in our economy, and a strong advocate for increased access and flexibility in health care and...
  • Class, Thy Name Is Rudy (Giuliani's Iowa Campaign Screws Up)

    05/11/2007 7:13:17 AM PDT · by 2ndDivisionVet · 15 replies · 1,334+ views
    CBS News ^ | May 10, 2007 | Kevin Drum
    As part of a campaign stop planned for Iowa last week, Rudy Giuliani's Des Moines office called Deb and Jerry VonSprecken to see if they'd host an event at their farm. They agreed. After several days of planning and a security check, though, Deb was told to call Giuliani's New York office: "They wanted to know our assets," she revealed, and added that she and Jerry have a modest 80 acre farm and raise cattle. Later she received a call from Tony Delgado at the Des Monies location. "Tony said, 'I'm sorry, you aren't worth a million dollars and he...
  • Congress Running Out of Time on Tax Cuts

    12/04/2006 11:24:06 PM PST · by Anita1 · 11 replies · 751+ views
    NewsMax.com ^ | Tuesday, Dec. 5, 2006 | NewsMax.com Wires
    Millions of entrepreneurs, teachers and parents with children in college have a financial stake in whether Congress, in the dying hours of Republican rule, revives tax breaks that expired 11 months ago...Residents of Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming - each without an income tax - will miss out on an average $1,500 deduction for state and local sales taxes...Before the election, Republicans tried unsuccessfully to link the tax cuts to a bill that would reduce the estate tax, which most Democrats find unacceptable, and raise the federal minimum wage, which many Republicans dislike.
  • Times-Reporter, other Copley Ohio papers offered for sale (Dinosaur Media DeathWatch™)

    10/31/2006 11:46:28 AM PST · by abb · 9 replies · 394+ views
    Times-Reporter ^ | October 31, 2006 | Staff
    The Times-Reporter and three other Copley Ohio newspapers will be sold by The Copley Press as a reaction to contractions in the newspaper business and debt resulting from the taxes on the estate of Helen K. Copley, who died in 2004. The other daily papers in Copley Ohio are The Independent in Massillon and The Repository in Canton. Copley Ohio includes one weekly paper, The Suburbanite in Green. Copley’s four Illinois daily newspapers, in Springfield, Peoria, Lincoln and Galesburg, are also subject to sale, though a Copley spokesman said the Ohio and Illinois papers also could be part of “possible...
  • Republican Ad Shocks Some in Tennessee

    10/26/2006 11:18:39 AM PDT · by radar101 · 57 replies · 1,859+ views
    NPR ^ | 26 OCT 2006 | NPR
    The Republican National Committee provided the money for a television advertisement running in Tennessee that Some say plays to racist fears. Jennifer Peebles, the political editor at the Tennessean newspaper in Nashville, speaks with Susan Stamberg about the ad. All Things Considered, October 25, 2006 · The election is less than two weeks away in a year when control of the House and Senate is at stake. One campaign tool that gets rolled out every election year at this time is the shocking campaign ad, and this year is no different. Just when you think you've seen it all, political...
  • Killing the Death Tax

    10/10/2006 6:00:11 PM PDT · by bruinbirdman · 17 replies · 595+ views
    National Center for Policy Analysis ^ | 10/9/06 | Danielle Georgiou
    This summer, the Senate fell short of the super-majority needed to bring to a vote a measure permanently repealing the estate tax. This means the current reduced-rate estate tax will revert to the full pre-2001 rates of up to 55 percent by 2011 unless other action is taken. The Senate's lack of action prompted the House to pass the Estate Tax and Extension of Tax Relief Act (H.R. 5970), which would extend estate tax relief beyond 2010, but would not eliminate the tax. This is unfortunate. The evidence shows that the estate tax does little to redistribute wealth and may...
  • New Study Undermines Case for Death Tax

    09/23/2006 6:00:31 PM PDT · by FairOpinion · 67 replies · 1,236+ views
    News Blaze ^ | Sept. 21, 2006 | News
    NCPA Report Shows Inheritances have little effect on Wealth Inequality As Congress continues debate over reduction and possible elimination of the estate tax, a new study from the National Center for Policy Analysis (NCPA) undermines the chief argument made by proponents of the tax - that estate taxation prevents the concentration of wealth in the hands of financial dynasties. The report shows that the contribution of inheritances to the distribution of wealth in the U.S. is surprisingly small. "It is commonly assumed that wealthy people inherit much of their wealth," said Jagadeesh Gokhale, a senior fellow at the Cato Institute...
  • Byers Calls On Labour To Scrap Inheritance Tax

    08/20/2006 12:17:33 AM PDT · by bruinbirdman · 5 replies · 235+ views
    The Telegraph ^ | 8/20/06 | Patrick Hennessy
    One of Tony Blair's closest political allies has issued an explosive demand for the Government to scrap inheritance tax. Stephen Byers, the former transport secretary and a leading Blairite "outrider", claims that the tax, which brought in a total of £3.3 billion last year, is "a penalty on hard work, thrift and enterprise". Writing in The Sunday Telegraph today, he brands it a "tax on death" and calls for it to be abolished. His remarks will be seen as the political equivalent of lobbing a grenade under the door of Gordon Brown, the Chancellor, who jealously guards all areas of...
  • Facing Certain Death Taxes : Why inheritance taxes are the fairest and most efficient tax system

    08/15/2006 7:34:55 AM PDT · by tang0r · 250 replies · 2,730+ views
    The Prometheus Institute ^ | 8/15/2006 | Joe Holmes
    It can be universally agreed upon that those who create wealth are more crucial to a countries economy than those who inherit wealth. It follows that we should substitute as much of the federal income tax possible with taxes taken from inheritance. Like Ben Franklin said, nothing should be certain except for death, taxes and the death tax
  • The LCLI (Liberal Cost of Living Increase)

    08/07/2006 9:35:30 PM PDT · by Seadog Bytes · 35 replies · 1,101+ views
    NRSC email ^ | August 7, 2006 | Mark Stephens
      From the Desk of Mark Stephens, Executive Director, NRSCDo you have your wallet handy? Well, you better . . . . . . Let me tell you why.The LCLI (Liberal Cost of Living Increase)Anytime liberal Democrats take the reins of government, the American people must pull out their wallets and pay a price. It's the automatic Liberal Cost of Living Increase - the LCLI. You see it happen at the local level, state level and at the federal level.Americans are feeling the squeeze of rising energy prices and escalating health care costs - but the LCLI will dwarf...
  • Millionaire Repub. Senators hate the working poor [Industrial-strength Barf Alert]

    08/04/2006 11:17:36 AM PDT · by TChris · 15 replies · 501+ views
    ePluribus Media Community ^ | August 4, 2006 | clammyc
    Despite the fact that the minimum wage bill that didn't pass the cloture vote was due to the fact that it was tied directly to a massive rollback of the estate tax and $38 billion in other tax breaks, we are going to get a barrage of the "democrats are filibustering the minimum wage hike" nonsense. With all of that, it is painfully obvious that any increase in the minimum wage should be a stand alone bill as opposed to part of something that would be as Senator Durbin said "the worst special-interest bill I have seen in my time...
  • Senate rejects GOP estate tax, minimum wage bill (Democrats Reject Minimum Wage)

    08/04/2006 6:14:36 AM PDT · by sr4402 · 9 replies · 805+ views
    USA Today | 08/04/2006 | AP
    Title should be "DEMOCRATS REJECT MINIMUM WAGE -Abandon Care of the Poor"