Sunday, June 11, 2006

You don't know one fucking person on the planet that will pay the Estate Tax. Not one person.

So quit bitching about it:

The Top 0.27% of Americans.

That's no misprint. The top quarter of one percent. According to FairEconomy.org, "These are people with estates larger than $2 million ($4 million for a couple)."

And since they're talking "family farm" which means an offspring must be the recipient, there MUST be a couple involved. And that's gotta be one hell of a farm to be worth more than $4,000,000 (Crawford, TX "farms" excepted).

Digging deeper, there's also this bit of info:

"80% of all estate taxes are paid by the top 0.14% of Americans. These are people with estates larger than $5 million."


Don't buy the "family farm" argument. It's bullshit. The estate tax is all about the Exxons, the Chevrons, the Hiltons, the Bushes - the very, very wealthy.

You have nothing to worry about. We'd say that chances are pretty good that you're in the 99.86% group. So are your folks. So are your heirs. You're not going to lose the farm. No one is going to lose the farm.

The estate tax discussion is dead for now, but he GOP will constantly keep trying to resuscitate this corpse.

And in a "time of war," discussing cutting taxes in any form is insanity. Period.

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