[monolith]

50% tax after the first $1 million in assets, a legalized theft on the minority.

[bavarian19]

Originally Posted by monolith

50% tax after the first $1 million in assets, a legalized theft on the minority.

What the heck are you talking about???

[monolith]

http://en.wikipedia.org/wiki/Estate_tax#United_States

[pawarrant]

Originally Posted by monolith

50% tax after the first $1 million in assets, a legalized theft on the minority.

Bush's tax cuts eliminate the estate tax "death tax" in 2010. Congress is trying to make it disappear permanently, but the Democrats filibustered the bill. If the Democrat filibuster remains successful, the estate tax will return in 2011. Here is an article from Forbes last week that explains.

http://www.forbes.com/businessintheb...07beltway.html

[pawarrant]

Originally Posted by bavarian19

What the heck are you talking about???

LOL, This thread should be posted in something called "Way Off Topic".

[monolith]

Originally Posted by pawarrant

LOL, This thread should be posted in something called "Way Off Topic".

It should be of great interest to BMW enthusiants. Intelligent investing and saving are completely worthless because you have to torch half of it.

[ward]

seriously,

isn't it nice to give up so much money so that the gvmt can give it to drug addicts and waste it on military actions and whatever else they can think to torch our hard earned money on....


I friggin hate these high damn taxes

[ward]

plus 1 million isn't even "the minority" out here

if you own a house, you're almost a millionaire right there

[monolith]

Originally Posted by ward

plus 1 million isn't even "the minority" out here

if you own a house, you're almost a millionaire right there

The vast majority of people don't own homes, they're struggling to keep their head above water in a house they can't afford.

[Nikki]

Originally Posted by monolith

The vast majority of people don't own homes, they're struggling to keep their head above water in a house they can't afford.

With the real estate prices the way they are here. That's why I'm moving in a year, can't afford a house.