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Liberal Billionaires to Call for More Death Taxes

ErickSmithX Wrote: Dec 10, 2012 3:41 PM
Why don't they just donate all their money to the government? Hippocratic loons
Ken6226 Wrote: Dec 10, 2012 3:47 PM
Because they know any tax hikes will have more than enough loopholes to accommodate people who voted for Obama.

Tomorrow in New York City, prominent liberal billionaires Bill Gates, former Treasury Secretary and co-chairman of Goldman Sachs Robert Rubin, Abigail Disney, Richard Rockerfeller and Vanguard Founder John Bogle will call for a hike in the federal death tax in order to "avert the fiscal cliff austerity bomb." In 2009, President Obama brought back the death tax after President Bush attempted to abolish it.

President Obama's budget keeps the estate tax at its 2009 level, which means the government gets 45 percent of a dead person's estate valued over $3.5 million dollars or $7 million for a...