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In reply to the discussion: What happened to the estate tax? Had to keep that at no tax on 10 million to create jobs? [View all]lumberjack_jeff
(33,224 posts)34. Yes and no. The idle rich don't compete for jobs at the lumberyard. n/t
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What happened to the estate tax? Had to keep that at no tax on 10 million to create jobs? [View all]
No Compromise
Jan 2013
OP
On the estate tax, the deal worked out was better than the Senate bill that previously passed
ProSense
Jan 2013
#2
Individual estates up to $5 million are excluded, estates above that pay 40%. n/t
PoliticAverse
Jan 2013
#3
It's $5 million per person so for a married couple/family estate it's $10 million total. n/t
PoliticAverse
Jan 2013
#8
As long as the married couple is not gay, in which case the feds still screw them over on taxes
awake
Jan 2013
#7
Yes the Federal government doesn't recognize same-sex marriage re tax purposes...
PoliticAverse
Jan 2013
#9
He wanted to raise taxes on people at the top without them going up for people making, say, 40K a yr
Warren DeMontague
Jan 2013
#17
Right, but had the Bush cuts expired- something I would have been fine with, BTW-
Warren DeMontague
Jan 2013
#21
The original cutoff was 250k because thats already where the top maginal rate started.
Warren DeMontague
Jan 2013
#36
Simple fact, although people may not want to hear it; the exemption was NEVER going to go back down
Warren DeMontague
Jan 2013
#16
The house we are renting in San Diego could, with just a little renovation, be valued at $500K.
haele
Jan 2013
#25
Original owner who bought a house in 1957 for $20K . California real estate market pre Prop 13 upped
haele
Jan 2013
#30
And the "ordinary" couple that owns 20 of them would be exempt from taxes.
lumberjack_jeff
Jan 2013
#32
They wont find the etates liable now, since the exemption has been raised permanently.
Warren DeMontague
Jan 2013
#38
Hell no, they instead spread like cancer through the ideological spectrum.
TheKentuckian
Jan 2013
#24
Yes and no. The idle rich don't compete for jobs at the lumberyard. n/t
lumberjack_jeff
Jan 2013
#34