Your beloved Hillary

[Delija]

Originally Posted by east_stingray

By your logic, I shouldn't worry about pollution, global warming, oil dependence, overpopulation, food shortage, or any of a myriad of other problems simply because they don't directly affect me.

Sorry Stingray....obviously you haven't read much or anything of the volumes I've written here. If you had, you wouldn't say the above. Not even close. Maybe ask around on this one.

Peace,
D.

[jkswiss]

Not a Hillary fan here, I think shes the Democratic Parties version of the crazy ex girlfriend you can't get rid of. However, to make things fair, did anyone watch the WHOLE interview and get a sense of it?
Did everyone miss the sarcasm?? I highly doubt she was being sincere with Bill O'Riley over there, did you guys not sense the whole atmosphere? It wasn't a pleasant exchange.

[bountyhunter]

Originally Posted by jkswiss

Not a Hillary fan here, I think shes the Democratic Parties version of the crazy ex girlfriend you can't get rid of. .

She's Jesse jackson in a pants suit... a candidate that splits the core base of the democratic support and greatly reduces the dems chances of winning the general election. In her case, I think she is intentionally trying to sink Obama's chances so she can get the nom in 2012.

[bountyhunter]

Originally Posted by Delija

As for the $10K tax exempt gift someone mentioned earlier....that has NOTHING to do with inheritance...that's money that can be gifted to anyone at any time IIRC..

It has plenty to do with inheritance: if you plan to leave Joe Blow $100k, you can just give him $10k/year for ten years and he gets his inheritance tax free.

Of course, if he blows it all on women and dope... oh, well.

[jmichna]

Originally Posted by bountyhunter

Set up an estate trust and after your death the executor can disperse it in amounts over intervals that avoid any more taxation....

If you eliminate the Estate Tax, then you would not need to go through these gyrations in the first place.

Setting up these trusts does provide a service, assuring there is work to be done by financial planners & advisers, tax consultants, probate attorneys, and the related fields, so I can see the reasoning to maintain the tax and then utilize means to avoid it... sort of IRS/government-sponsored "make work."

There is a whole tax-related service industry employing thousands and thousands, that has a vested interest in keeping the tax codes complex, so the unwashed and ignorant must use their services, so as to minimize the tax man's bite.

[Frenchy]

Good point, jmichna...

[Delija]

Originally Posted by bountyhunter

It has plenty to do with inheritance: if you plan to leave Joe Blow $100k, you can just give him $10k/year for ten years and he gets his inheritance tax free.

Of course, if he blows it all on women and dope... oh, well.

True...but "if you plan to leave Joe Blow $100K" there would be no inheritance tax if he got it as a lump sum at your death either. So giving it $10K at a time over ten years is really unrelated to the estate tax issue as I see it. Most people I know of use the $10K exempt gift "loophole" to give money to their kids...in a UGMA, UTMA account - usually starting at a very young age (birth) for college money to grow in an account and be taxed at the rate of a zero income earner.

Originally Posted by jmichna

If you eliminate the Estate Tax, then you would not need to go through these gyrations in the first place.

Setting up these trusts does provide a service, assuring there is work to be done by financial planners & advisers, tax consultants, probate attorneys, and the related fields, .......

.......sort of IRS/government-sponsored "make work."

There is a whole tax-related service industry employing thousands and thousands, that has a vested interest in keeping the tax codes complex, so the unwashed and ignorant must use their services, so as to minimize the tax man's bite.

Yup, no question about it. As I once mentioned here before...the tax code INDEX is bigger than the Chicago phone book. It's so over-complicated that it is a joke. Laws written by lawyers to provide work for lawyers..

Peace,
D.

[Brickboy240]

Sorry, but when you've come from meager roots, risked much and made it...you might have a problem with someone waltzing in and helping themselves to your hard work (after they have helped themselves to it several times for years).

I don't expect too many to understand this and I admit I am plagued by this world view...but hey...I am honest about it!

- brickboy240

[XDConvert9mm]

Originally Posted by jmichna

If you eliminate the Estate Tax, then you would not need to go through these gyrations in the first place.

Setting up these trusts does provide a service, assuring there is work to be done by financial planners & advisers, tax consultants, probate attorneys, and the related fields, so I can see the reasoning to maintain the tax and then utilize means to avoid it... sort of IRS/government-sponsored "make work."

There is a whole tax-related service industry employing thousands and thousands, that has a vested interest in keeping the tax codes complex, so the unwashed and ignorant must use their services, so as to minimize the tax man's bite.

IMO, BINGO JM. One should not have to go through these costly gyrations to protect cash that has been taxed multiple times already. It fosters an industry that already has too much work from a seriously overcomplicated tax code.

[XDConvert9mm]

Originally Posted by Brickboy240

Sorry, but when you've come from meager roots, risked much and made it...you might have a problem with someone waltzing in and helping themselves to your hard work (after they have helped themselves to it several times for years).

I don't expect too many to understand this and I admit I am plagued by this world view...but hey...I am honest about it!

- brickboy240

Me too. But remember, things must appear to be fair to all!