Death Tax Relief for America's Farmers. All 50 of them. The rest? Bonus!
 

Right. If you want to cheat death by leaving your money to others, fine, but you really aren't cheating death any more with every additional $1 million.

That's my working hypothesis.

Death Tax Relief for America's Farmers. All 50 of them. The rest? Bonus!
 

Sure, but your hypothesis fails to account for the fact that $10m is the new $1m.

Death Tax Relief for America's Farmers. All 50 of them. The rest? Bonus!
 

Are you expecting to live with mom until she kicks it?

How many kids actually move into their parents home after they die? Sure, it happens sometimes. But I'd guess that 99% of people sell their parents' homes after death (and the step-up in basis), and take the cash.

Death Tax Relief for America's Farmers. All 50 of them. The rest? Bonus!
 

Not in my family it ain't.

Death Tax Relief for America's Farmers. All 50 of them. The rest? Bonus!
 

2.

Interesting Idea
 

Of course we are allowed to make changes to the common law. That wasn't what I was saying. I was simply suggesting to Club that the notion of property rights and the right to bequeath one's property after death are in fact historically intertwined and have been from the beginning.

Hey, do I piss in your chili pot? Estate planning is one of my big growth targets for my practice. If they repeal it permanently, I may have to find more legitimate work.

Heh. My parents left for Mexico for the weekend this morning. They called me from the airport to ask if I remembered where they put the codicil to their will changing the administrator from my now ex-aunt to me.

I told them not to die in the next 5 days, because I had no idea what they were talking about.

You may get a call...

Death Tax Relief for America's Farmers. All 50 of them. The rest? Bonus!
 

Spoken like a true Republican -- who recognizes how important it is to keep the family farm from being sold (all 3 of them that may be affected by an estate tax with a reasonable exemption), but can't recognize the reality of people who can't afford to buy a home before their parents die.

Not everyone gets to go to college and law school and start a new career. People who are not in your economic class like to leave their family homes behind to family members, and in some instances descendants depend on that.

More importantly, but not suprisingly, you are missing, or ignoring, the point. The fed gov't has decided that promoting fire sales of homes is bad. Fire sales are what happen when people need to sell a major asset to pay estate taxes -- again, that's something Repubs recognize when it applies to families with multimillion dollar business interests, but apparently not when it comes to middle class families whose only significant assets are their homes.

Death Tax Relief for America's Farmers. All 50 of them. The rest? Bonus!
 

How many hours did Ty bill last year? Doesn't the firm have a minimum?

Death Tax Relief for America's Farmers. All 50 of them. The rest? Bonus!
 

I'm sure that just as you readily marshal statistics about the 50 farmers for whom estate tax reform might matter, you'll be able to demonstrate that there are, in fact, many thousands of people who die each year, leaving their house to their children, and that their children move into them.

The fact that a middle-class person has most of his/her assets in a house doesn't mean that it won't be liquidated anyway upon death. If it's being liquidated, whether to pay taxes or not, it becomes irrelevant that they might have to pay estate tax.

Death Tax Relief for America's Farmers. All 50 of them. The rest? Bonus!
 

I'm pretty sure Hank knows better than to make fun of that of which he is ignorant, merely because he doesn't understand it.

Death Tax Relief for America's Farmers. All 50 of them. The rest? Bonus!
 

My income tax course I took pass/fail. Then the guy hands out a syllabus where he tells us when he'll call on each of us. That was a bad combo- I only studied for 2 nights. I do know that if we give a benefit to highly comped employees we have to also give it to lower comped or its income- beyond that I know nothing more.

That is a terrible way to teach a law class. My knowledge of corporations is similarly crippled for the same reason.

Death Tax Relief for America's Farmers. All 50 of them. The rest? Bonus!
 

Sure. Blame the teacher. The reason for your disability is because you didn't study. Take ownership of the problem.

Death Tax Relief for America's Farmers. All 50 of them. The rest? Bonus!
 

That proposal would increase inefficiency and create a capital drain. At present, a relatively small number of taxpayers, all extremely wealthy and willing to push lines farther than many, engage in parking of assets offshore in order to minimize the estate tax. If we were to eliminate the exemption and take away the bracketing, then far more taxpayers would engage in parking. Many of the ones who would engage in such behavior would be prey to unscrupulous promoters who would take advantage of many people who can't really afford to play those kinds of games.