Proper estate planning will make the estate tax rate a non-factor for those who are willing to give up their stubbornness and seek out an expert. These alarmist articles are mostly a fund-raising ploy for publications like the one you linked.
Re: Death and Taxes. in reply to steve_in_mo, 12-12-2012 16:35:44
Alarmist? Not every large land property owner is reading this board to become enlightened as we are. Some of them are gonna cross that line and their heirs will pay 50% instead of 35%. The net result will be increased revenue to an already rapacious central government. Wanna bet on that? The clever members here, capitalists at heart as we all are when it comes to taxes, discussed ways to avoid the tax. Good thread. But what is property anyway? Is it land? Is it a farm? Is it a business that you built? I fear this is another step toward taxing assets beyond just income. But that's just me. Thanks to all who replied and it didn't get out of hand. Thanks to Kim and Chris too for letting it go so long. We need to discus this stuff.
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