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Too Rich to Live? - WSJ.com - 7/12/2010 9:09:15 PM

Brain

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I think I am going to get whacked by this too. Somebody has to pay for the wars may as well make a Canadian pay as well I suppose.
Bill

Too Rich to Live? - WSJ.com

The estate tax is set to come roaring back in January. That sets the stage for a perverse calculus: End it all—or leave a massive bill for your heirs to deal with.

"You don't know whether to commit suicide or just go on living and working," says Eugene Sukup, an outspoken critic of the estate tax and the founder of Sukup Manufacturing, a maker of grain bins that employs 450 people in Sheffield, Iowa. Born in Nebraska during the Dust Bowl, the 81-year-old Mr. Sukup is a National Guard veteran and high school graduate who founded his firm, which now owns more than 70 patents, with $15,000 in 1963. He says his estate taxes, which would be zero this year, could be more that $15 million if he were to die next year. ...

Senators are divided among three possible solutions. Some favor the pre-Bush rate of 55%, while others advocate a 35% rate (with a more generous exemption). A third group prefers the old 45% rate. ...

http://online.wsj.com/article/SB10001424052748703609004575355572928371574.html?mod=djemTEW_h

TV host Actor Art Linkletter

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RE: Too Rich to Live? - WSJ.com - 7/12/2010 9:52:29 PM

tazzygirl

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Not to make light of the dying, but your article does show the fascinating side of the rich and greedy.

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Telling me to take Midol wont help your butthurt.
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Dont judge me because I sin differently than you.
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RE: Too Rich to Live? - WSJ.com - 7/12/2010 11:15:24 PM

tazzygirl

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A question for the lawyers... wouldnt trust funds get around these laws?

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to tazzygirl)

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RE: Too Rich to Live? - WSJ.com - 7/13/2010 12:09:21 AM

Fellow

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Common sense and morality labels "death tax" a Grand Theft by the government.There is no inheritance tax in Canada since 1972.

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RE: Too Rich to Live? - WSJ.com - 7/13/2010 8:47:16 AM

pahunkboy

Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
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Is it even legal to die?

What if you fail to follow regulations?

What if you owe many?

What if your bills are not current?

What if you have a court date pending?

What if you set up a DR appointment?

What if you promised someone something?

What if the timing is not that good?

What if you are not ready?

What if you don't feel good that day?

I am not too happy over this.

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