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Liberal Billionaires to Call for More Death Taxes

Paperpushermj Wrote: Dec 11, 2012 1:23 AM
How many ordinary Middle Class Americans do you think Bill Gates has contact with in an ordinary day for him? For most of his life the tax liability was a determinant factor when looking into an investment that had been recommended. Now he wants to get into some weird competition with W. Buffett.

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...