Tuesday, December 7, 2010

Taxed to Death (And Beyond)

Regarding the death of Elizabeth Edwards, one aspect of the story that will not receive coverage is did the upcoming estate tax play a roll in her decision to stop treatment? 

Right now, the estate tax is zero.  It is scheduled to go up to 55% on January 1, but under the deal Obama just agreed to, it will be 35% for all estates larger than $5 million.

You can't tell me people who are terminally ill and their families are not forced to at least think about the harsh tax consequences that will occur if a person dies on December 31, 2010 as opposed to January 1, 2011.

The fact that Obama & the Congress have let this play out for too long, and that forces people like Elizabeth Edwards (and countless others) to think about the consequences of the government taking none of their cash if they die one day and 55% of their cash if they die just one day later.

No one should have to be put in that situation.

But many Americans are facing that horrible decision-thanks to these grave- robbing liberals.

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