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Keyword: estate

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  • A Lifetime of Taxes Is Enough

    10/24/2017 4:26:52 AM PDT · by Kaslin · 23 replies
    Townhall.com ^ | October 24, 2017 | Stephen Moore
    My father built a small business from scratch with years of sweat equity and many weeks and months away from home. He employed about 100 people, and by the end of his working years, the business was highly successful. He became a millionaire. He lived the American dream. He sold a product that people wanted, provided a solid income for many families and gave lots of money to our church and numerous other charities. And every year he paid his taxes. Over the course of his lifetime, he paid millions of dollars in income taxes, sales taxes, payroll taxes, property...
  • Govt Should Just Close the Barn Door on Press Theft of Info Freedom

    06/27/2017 6:12:37 AM PDT · by CharlesOConnell · 8 replies
    Freep | 6/28/2017 | CharlesOconnell
    Amendment I. Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances. The Press have already abridged the freedom of information, the right not to be lied to. The media megalopoly, the inescapable leftist mind-rape hegemony, have already irretrievably stolen our right to know. They have already suceeded in a coup d'etat, the same stroke of state as in Edward R. Murrow's 3/9/1954 See It...
  • Why More States Are Killing Estate Taxes

    06/16/2017 6:33:34 AM PDT · by reaganaut1 · 9 replies
    Wall Street Journal ^ | June 16, 2017 | Laura Saunders
    Want proof taxes can actually go down? In the last three years, nine states have eliminated or lowered their estate taxes, mostly by raising exemptions. And more reductions are coming. Minnesota lawmakers recently raised the state’s estate-tax exemption to $2.1 million retroactive to January, and the exemption will rise to $2.4 million next year. Maryland will raise its $3 million exemption to $4 million next year. New Jersey’s exemption, which used to rank last at $675,000 per person, rose to $2 million per person this year. Next year New Jersey is scheduled to eliminate its estate tax altogether, joining about...
  • Castro’s Millions: Fidel’s Family Expected to Secure Estimated $900 Million Estate

    12/01/2016 10:37:05 AM PST · by Enlightened1 · 41 replies
    Breitbart ^ | 12/01/16 | Frances Martel
    Cuban dictator Fidel Castro reportedly left behind millions in private mansions, yachts, private islands, and even a personal cheese factory. While the Castro family has imposed a mandatory nine-day mourning period over Cuba, questions remain as to who will inherit the head of state’s fortune. While fellow communists and assorted global leftist elites are using the occasion of his death to praise Fidel Castro as a hero of the poor, reports from both defectors within Castro’s world and journalists using publicly available information have estimated the Castro family fortune to be in the millions. The closest realistic number estimating Castro’s net...
  • The Sneaky Way Obama Is Hiking Death Taxes

    08/18/2016 5:46:05 AM PDT · by milton23 · 38 replies
    Daily Signal ^ | 8/17/16 | Curtis Dubay
    President Barack Obama isn’t afraid to enact his agenda over the will of Congress. At this late stage in his presidency, he’s still overreaching his authority to push through an agenda; his most recent overstep being an effort to unilaterally raise the federal estate tax. Conservatives have successfully lessened the impact of the estate tax, colloquially known as the “death tax,” in recent years. In 2000, before George W. Bush became president, the death tax had a rate of 55 percent and struck families with assets valued at $675,000 or more.
  • Sons File Lawsuit Over Actor-Politician Fred Thompson's Estate

    08/02/2016 5:48:49 PM PDT · by Extremely Extreme Extremist · 31 replies
    NEWS CHANNEL 5 ^ | 02 AUGUST 2016 | PHIL WILLIAMS
    NASHVILLE, Tenn. - A legal battle has erupted over the estate of former U.S. Senator Fred Thompson. That legal battle comes in the former of a lawsuit filed late Tuesday by Thompson's two adult sons -- nine months after the death of the actor turned politician. In the complaint, sons Tony and Dan Thompson question a flurry of changes to their father's estate in the days before his death back in November.
  • B.B. King's Estate War: 15 Kids, 15 Moms and a "Totally Haywire" Fight

    05/26/2016 11:42:04 AM PDT · by simpson96 · 24 replies
    Hollywood Reporter ^ | 5/26/2016 | Scott johnson
    When bluesman B.B. King died last year, he bequeathed to the world a body of work spanning six decades that brought joy and comfort to millions. The crooner of "The Thrill Is Gone" and "Sweet Sixteen" transformed American music, inspiring such rockers as Eric Clapton, Willie Nelson and Buddy Guy. King was 89 when he succumbed to congestive heart failure in his Las Vegas home and died peacefully in his sleep on May 14, 2015.The year since then has been decidedly less peaceful. While neither of King's two marriages resulted in children, he managed to leave behind a vast family:...
  • Some shocked by estate claims after signing up with MNsure

    02/16/2016 11:14:51 AM PST · by Twotone · 68 replies
    Duluth News Tribune ^ | Feb. 14, 2016 | John Lundy
    Scott Killerud was about to throw away a mailing about the 2016 enrollment period for MNsure last November when something caught his eye. "Just as I was going to drop it in the trash, I was like - wait a second. What did I just read?" the Pine County farmer said.
  • Marilyn Monroe Estate Sued Over Threats to 'Virtual Marilyn' Character (Exclusive)

    10/02/2014 1:10:52 PM PDT · by doug from upland · 5 replies
    hollywood reporter ^ | 10-2-14 | gardner
    At stake in the new lawsuit could be holograms, avatars and CGI of deceased celebrities The only thing more legally troublesome than a celebrity's rights is a dead celebrity's rights. Just look at Marilyn Monroe, the blond bombshell who died in 1962, but continues to be the center of one legal fight after another. The latest is a lawsuit filed on Wednesday against The Estate of Marilyn Monroe that contends her statutory heirs are getting in the way of a computer-generated character called "Virtual Marilyn." the vanguard are a phalanx of intellectual property lawyers who are fighting over issues like...
  • Vanity - A useless $141K check from the US Treasury - frustrating

    08/20/2014 12:55:18 PM PDT · by Cementjungle · 69 replies
    self | 08/20/2014 | self
    RANT! It's a frustrating situation to have in your hands a check from the US Treasury for over $141,000 and you can't do a darned thing with it except frame it and hang it on the wall as a souvenir. My MIL passed away in 2011, and my wife (as the only surviving relative) was named in the will as the executor of the estate and successor to the trust. The will was filed with the courts in L.A. and the long process began. We paid the IRS $240K the first year in estimated estate taxes along with a request...
  • Items from Van Cliburn’s estate to be auctioned through Christie’s

    02/21/2014 12:39:05 PM PST · by afraidfortherepublic · 19 replies
    The Star Telegram ^ | 2-21-14 | Marilyn Bailey
    Special to the Star-Telegram One year after his death, hundreds of items from the estate of Van Cliburn are going on sale at Christie’s auction house in New York. The pianist, who died in February 2013, filled his Westover Hills home with items encountered during his world travels — fine art, furnishings, tableware — and selected with a veteran collector’s eye. Two years ago, Cliburn parted with some of his most valuable treasures at a Christie’s auction of what was billed as “The Van Cliburn Collection.” That sale earned almost $4.4 million, beating a presale estimate of $3 million. The...
  • More Americans Are Writing Their Pets Into Their Wills

    01/12/2014 8:10:36 AM PST · by Innovative · 36 replies
    Wall Street Journal ^ | Jan 12, 2014 | Anne Tergesen
    The number of Americans owning pets is at a record high, and more people are making provisions in their wills to provide for these animals after they're gone. But to ensure your pet is cared for as you intend, it's important to set up a pet trust—an arrangement that 46 states permit. "Pet trusts aren't just for the wealthy," says Frances Carlisle, a trust and estates attorney in New York. For most pet owners, she adds, the goal "is to make sure a plan exists for the care of the animal." Pet trusts can take effect either after you die...
  • Medicaid Estate Recovery (Free Obamacare ain't free!)

    This policy brief was prepared under contract #HHS-100-03-0022 between the U.S. Department of Health and Human Services (HHS), Office of Disability, Aging and Long-Term Care Policy (DALTCP) and Thomson/MEDSTAT. For additional information about the study, you may visit the DALTCP home page at http://aspe.hhs.gov/_/office_specific/daltcp.cfm or contact the ASPE Project Officer, Hunter McKay, at HHS/ASPE/DALTCP, Room 424E, H.H. Humphrey Building, 200 Independence Avenue, SW, Washington, DC 20201. His e-mail address is: Hunter.McKay@hhs.gov.
  • Repeal of estate tax will reduce revenue an estimated $300 million over five years (NC)

    08/12/2013 4:52:44 PM PDT · by Libloather · 8 replies
    Journal Now ^ | 8/12/13 | Richard Craver
    For supporters of the repeal of North Carolina’s estate tax, the passage serves as a big neon "come on home" message to ultra-wealthy individuals who have kept a primary residence in another state to avoid the tax. "A tax that affects somewhere between a dozen and 100 families each year in a state with 9 million-plus people is fundamentally unfair," said Dallas Woodhouse, the director of the N.C. chapter of the conservative advocacy group Americans For Prosperity. For opponents, the repeal – retroactive to Jan. 1 – serves as a prime example of conservative legislators favoring the wealthy few over...
  • They Are Going To Make It Nearly Impossible To Pass On A Farm Or A Business To Your Children

    11/21/2012 9:39:04 AM PST · by blam · 45 replies
    TEC ^ | 11-21-2012 | Michael Snyder
    They Are Going To Make It Nearly Impossible To Pass On A Farm Or A Business To Your Children By Michael Snyder on November 20th, 2012 If you have a farm or a small business, would you like to pass it on to your children when you die? Well, unless Congress does something, it is going to become much, much harder to do that starting next year. Right now, there is a 5 million dollar estate tax exemption and anything above that is taxed at 35 percent. But on January 1st, the exemption will go down to 1 million dollars...
  • Ranchers, farmers brace for 'death tax' impact

    11/17/2012 3:16:39 PM PST · by george76 · 21 replies
    FoxNews ^ | November 16, 2012 | William La Jeunesse
    the estate tax -- also known as the "death tax."... set to soar at the beginning of 2013 ... The estate tax dates back to 1916 when then-President Woodrow Wilson imposed the tax of 1 to 10 percent on the wealthy because World War I reduced federal government revenues. Under Franklin Delano Roosevelt, the tax rose to 77 percent, as Congress tried to prevent wealth from becoming concentrated among a few powerful and super-rich families. Ironically, many nations historically more concerned with class and wealth -- namely Russia and China -- have since abandoned their estate taxes.
  • Celebrate “Empty Chair Day” in Barack & Michelle Obama’s $35 Million Kailua, Hawaii Mansion

    09/20/2012 11:56:38 AM PDT · by Red Steel · 41 replies
    HillBuzz ^ | September 3, 2012 | Kevin DuJan
    (Being purchased for them by Penny Pritzker and wealthy Chicagoans) [ Michelle Obama's mother, Marian Robinson, has been bragging about getting to live in Hawaii next, in a $35 million beachfront mansion after leaving the White House in January 2013.  "It was fun while it lasted", Miss Marion is quoted by Chicagoans as saying, "but wait until you see the place they're buying for Michelle and Barack!" ] Part 1 of this report — HEREPart 2 of this report — HERE***************************Today has been declared “National Empty Chair Day”, in honor of Clint Eastwood’s speech on the closing night of the Republican...
  • Value: $0, Taxes: $40 Million

    07/23/2012 5:15:30 AM PDT · by afraidfortherepublic · 20 replies
    Commentary Magazine ^ | 7-23-12 | John Steele Gordon
    This week’s winner of the you-can’t-make-this-stuff-up contest is undoubtedly a front-page story in this morning’s New York Times. When New York art dealer Ileana Sonnabend died in 2007, she left her children a fabulous collection of modern art valued at $1 billion. Her children have already paid $471 million in estate taxes on the collection, being forced to sell off most of it to meet the bill. (This is a beautiful example, by the way, of why estate taxes should be abolished and replaced with a capital gains tax on inherited assets—the collection, an artistic whole in itself, had to...
  • Guns and Stuff(estates)

    06/01/2012 4:56:14 AM PDT · by marktwain · 26 replies
    clarecountyreview.com ^ | 1 June, 2012 | NA
    When people die they leave behind an estate. An “estate” is what you owned at the time of your death. It can be real property, land and the buildings that sit on land, or it can be personal property. That’s “stuff.” After you’ve paid off all the bills and expenses, what’s left is “residue.” That’s what gets divided up amongst the heirs. If there’s going to be a dispute it usually comes from distributing that “stuff.” It’s been my experience that if heirs are going to argue it’s over the small stuff. In particular, women argue over jewelry and antiques...
  • Bank of America ups CA foreclosures by nearly 200 percent

    09/21/2011 9:29:53 PM PDT · by smokingfrog · 12 replies
    SCPR ^ | 21 Sept 2011 | Patt Morrison
    Bank of America increased foreclosures by nearly 200 percent in California between July and August. John Karevoll, an analyst with DataQuick told Patt Morrison that the bank is capitalizing on favorable laws in California and other states where a court order isn’t needed to repossess a home. “This is the rip-the-band-aid-off policy here," he said. "It’s basically just to go out there and plough through it and get rid of it.” Dan Frahm, the senior vice president of Bank of America Home Loans, says the recent upswing in foreclosures is due to a massive backlog. “Those foreclosures that have been...