In response to:

Too Expensive to Die

silentCalfan Wrote: Dec 31, 2012 1:25 PM
Many middle-class homes in coastal California still have a market value of a million dollars, or close to that, as a result of the housing bubble. Unless fixed, the estate tax law will steal 55% of everything over a million in those estates. When the estate tax law was passed 100 years ago it was intended to tax John D. Rockefeller; now it taxes John Doe. The federal beast is insatiable.
drrisk2 Wrote: Dec 31, 2012 3:52 PM

"When the estate tax law was passed 100 years ago it was intended to tax John D. Rockefeller"

That didn't work, either. He his billions into a trust. The super rich do not estate taxes, or one nickel of income tax they can hire accountants and lawyers to avoid for them.

The end is near.  Some kind of decision will be made on the fiscal cliff mess but it will more than likely be nothing substantial.  Knowing Congress, it will be a shot of morphine to ease our pain as we continue to be on death watch.

Speaking of death watch; no one other than financial gurus and geeks are talking about the impending rise in the estate tax.  Is no one paying attention to this blatant theft of savings and assets that have already been taxed once?

If nothing is done, on January 1, 2013...