Thu Dec 27, 2012, 06:54 PM
rainbow4321 (9,297 posts)
Guess we will see if this holds true if we hear of a bunch of millionaires' "deaths"
in the next few days:
Many families are faced with a stark proposition. If the life of an elderly wealthy family member extends into 2013, the tax bills will be substantially higher. An estate that could bequest $3 million this year will leave just $1.9 million after taxes next year. Shifting a death from January to December could produce $1.1 million in tax savings.
It may seem incredible to contemplate pulling the plug on grandma to save tax dollars. While we know that investors will sell stocks to avoid rising capital gains taxes, accelerating the death of a loved one seems at least a bit morbid—perhaps even evil. Will people really make life and death decisions based on taxes? Do we don our green eye shades when it comes to something this serious?
7 replies, 989 views
Guess we will see if this holds true if we hear of a bunch of millionaires' "deaths" (Original post)
Response to rainbow4321 (Original post)
Thu Dec 27, 2012, 07:16 PM
DearHeart (692 posts)
4. I cannot even imagine that someone would make life and death decisions based on
TAXES!! I would rather give it all up in taxes to keep my loved one alive for even one more day!! I guess I'm just naive or nuts!
Response to DearHeart (Reply #4)
Thu Dec 27, 2012, 08:54 PM
TheMadMonk (6,187 posts)
5. Um these are the people who think ALL money is theirs.
These are the people who instruct health insurers to: dump expensive clients; to provide the cheaper sub-standard treament rather than the effective, but expensive one.
THESE ARE THE PEOPLE WHO HAVE BEEN BEHIND DEATH PANELS FOR FUCKING DECADES.
Response to TheMadMonk (Reply #5)
Fri Dec 28, 2012, 01:20 AM
DearHeart (692 posts)
7. I agree...
I just don't like to think of people pulling the plug on their loved ones to save some money. I know that they don't give a shit about strangers, but I would've liked to believe that their family members were different, but I now believe that they wouldn't think twice about saving "grandma", if there was a buck involved. How sad!