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#1 Will 'Fiscal Cliff' Accelerate Millionaire Deaths?12-28-2012, 12:28 PM
Will 'Fiscal Cliff' Accelerate Millionaire Deaths?
Because the "fiscal cliff" will not stop for death, it looks as if death's carriage may make a "kindly" stop to pick up some American millionaires this year, to paraphrase Emily Dickinson.
In 2010, after a year in which the estate tax was zeroed out altogether, Congress passed a law that set the estate tax at 35 percent and exempted all estates under $5 million, adjusted for inflation. That law expires in January 2013 when the exemption will fall to $1 million and the tax will rise to 55 percent.
Will 'Fiscal Cliff' Accelerate Millionaire Deaths? - Does a bear s*!# in the woods?
Liberalism is just communism sold by the drink.
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