Rebirth of the Death Tax?
Posted by taxguru on June 24, 2010
Three Senators Call For Billionaire Estate Surtax – The grave robbing ghouls in Congress can’t even tolerate the current one year break in the estate tax. Now they are trying to reenact it retroactively to the beginning of 2010 and make it even more confiscatory for the evil rich.
There was a time in this country, prior to 1993, when the concept of retroactively increasing taxes to ensnare people who acted on the laws that had been in effect, was considered to be illegal and unfair to the max. The Clinton gang tossed that concept out with their 1993 retroactive tax hikes, and with the current regime’s utter contempt for any constitutional limitations, we can be sure none of the bozos in power are losing any sleep over the possibility of retroactively changing the estate tax to steal more money from people.
This is just one more of many critical reasons to kick the DemonRats out of power in November.
Another good estate tax article from Forbes:
Thanks to Forbes Executive Editor Janet Novack for the heads-up on this.
Sorry, the comment form is closed at this time.
