Comments on: Federal Estate Tax Bill Up for A Vote http://www.taxgirl.com/federal-estate-tax-bill-up-for-a-vote/ Paying taxes is painful... but reading about them shouldn't be. Sun, 12 Feb 2012 17:55:29 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Judy Wierick http://www.taxgirl.com/federal-estate-tax-bill-up-for-a-vote/comment-page-1/#comment-19748 Judy Wierick Mon, 01 Nov 2010 03:04:17 +0000 http://www.taxgirl.com/?p=4354#comment-19748 I have given much thought to this and if this tax is to end at the end of the year then that means I only have a few weeks to take care of my affairs before my departure. I have enjoyed my life and have worked hard to leave my children what has taken so long for me to obtain. I won't let the government take that away - not from my children nor my grandchildren. This is not the America that I had thought it was. A land where hard work, and determination to suceed would pay off someday so that my children could have it a bit better than I did. I pray that there will be peace in this land, but because for the last two years things have strayed away from the foundation that our country was built on. And this country is all messed up. I have given much thought to this and if this tax is to end at the end of the year then that means I only have a few weeks to take care of my affairs before my departure. I have enjoyed my life and have worked hard to leave my children what has taken so long for me to obtain. I won’t let the government take that away – not from my children nor my grandchildren. This is not the America that I had thought it was. A land where hard work, and determination to suceed would pay off someday so that my children could have it a bit better than I did. I pray that there will be peace in this land, but because for the last two years things have strayed away from the foundation that our country was built on. And this country is all messed up.

]]> By: Noise on the Hill: Estate Tax Update | taxgirl http://www.taxgirl.com/federal-estate-tax-bill-up-for-a-vote/comment-page-1/#comment-13075 Noise on the Hill: Estate Tax Update | taxgirl Wed, 09 Dec 2009 12:48:39 +0000 http://www.taxgirl.com/?p=4354#comment-13075 [...] 9, 2009 · 0 comments Wow, they did it. The House really did vote on a federal estate tax bill. And it [...] [...] 9, 2009 · 0 comments Wow, they did it. The House really did vote on a federal estate tax bill. And it [...]

]]> By: JoeTaxpayer http://www.taxgirl.com/federal-estate-tax-bill-up-for-a-vote/comment-page-1/#comment-12979 JoeTaxpayer Wed, 02 Dec 2009 00:53:25 +0000 http://www.taxgirl.com/?p=4354#comment-12979 As you noted, the 2010 estate tax repeal comes with a horrible "got ya". Just when you should be able to value everything upon death, that goes away, and you need to find cost basis for everything. There has to be a happy medium. Even a $2.5M/person exemption would eliminate all but the top few percent of estates. As you noted, the 2010 estate tax repeal comes with a horrible “got ya”. Just when you should be able to value everything upon death, that goes away, and you need to find cost basis for everything.
There has to be a happy medium. Even a $2.5M/person exemption would eliminate all but the top few percent of estates.

]]> By: Kelly http://www.taxgirl.com/federal-estate-tax-bill-up-for-a-vote/comment-page-1/#comment-12976 Kelly Tue, 01 Dec 2009 19:29:40 +0000 http://www.taxgirl.com/?p=4354#comment-12976 PolitiComm, Just so you (and all other readers) know, when comments go into moderation, they have to be manually approved. Since I work full time as an attorney, I am not always available to immediately approve comments - I do them as soon as I can. This morning, I was teaching a CLE for the PA Bar and just got back to my laptop. I did, however, stop in at lunch and approve your comment. I don't usually block a comment unless it's directly in conflict with my <a href="http://www.taxgirl.com/official-comment-policy/" rel="nofollow">comment policy</a>. In fact, I encourage dialogue on the blog - it's what keeps it interesting! PolitiComm,
Just so you (and all other readers) know, when comments go into moderation, they have to be manually approved. Since I work full time as an attorney, I am not always available to immediately approve comments – I do them as soon as I can. This morning, I was teaching a CLE for the PA Bar and just got back to my laptop. I did, however, stop in at lunch and approve your comment.
I don’t usually block a comment unless it’s directly in conflict with my comment policy. In fact, I encourage dialogue on the blog – it’s what keeps it interesting!

]]> By: jpe http://www.taxgirl.com/federal-estate-tax-bill-up-for-a-vote/comment-page-1/#comment-12974 jpe Tue, 01 Dec 2009 17:24:17 +0000 http://www.taxgirl.com/?p=4354#comment-12974 <blockquote>the fact that repealing it would create 1.5 million jobs is a sexy secret that Democrats, in particular, don’t want you to know.</blockquote> That is the silliest thing I've read in a while. Thanks for the chuckle! (I assume I have AEI or something to thank by extension. Thank, AEI, for the light-hearted moment) Anyhoo, a quick bill means fewer estate planning ornaments on the christmas tree of the imminent estate tax bill. Viz., we won't see any action on GRATs, FLPs, or portability.

the fact that repealing it would create 1.5 million jobs is a sexy secret that Democrats, in particular, don’t want you to know.

That is the silliest thing I’ve read in a while. Thanks for the chuckle! (I assume I have AEI or something to thank by extension. Thank, AEI, for the light-hearted moment)

Anyhoo, a quick bill means fewer estate planning ornaments on the christmas tree of the imminent estate tax bill. Viz., we won’t see any action on GRATs, FLPs, or portability.

]]> By: Evan http://www.taxgirl.com/federal-estate-tax-bill-up-for-a-vote/comment-page-1/#comment-12971 Evan Tue, 01 Dec 2009 16:41:41 +0000 http://www.taxgirl.com/?p=4354#comment-12971 PolitiComm, No need to get hostile (your comment probably wouldn't need moderation if your email addy or website addy wasn't associated with the auto spam blockers Kelly probably uses). While I agree there shouldn't be an estate tax I am Curious, where you got the 1.5 million jobs created? Is that net of all the IRS agents and CPAs and Attorneys laid off? PolitiComm,

No need to get hostile (your comment probably wouldn’t need moderation if your email addy or website addy wasn’t associated with the auto spam blockers Kelly probably uses).

While I agree there shouldn’t be an estate tax I am Curious, where you got the 1.5 million jobs created? Is that net of all the IRS agents and CPAs and Attorneys laid off?

]]> By: Kelly http://www.taxgirl.com/federal-estate-tax-bill-up-for-a-vote/comment-page-1/#comment-12969 Kelly Tue, 01 Dec 2009 16:35:47 +0000 http://www.taxgirl.com/?p=4354#comment-12969 PolitiComm, Your comment illustrates exactly what folks don't seem to *get* about the federal estate tax. It simply doesn't affect most taxpayers which means that I am NOT making money with the estate tax. The exemption as it stands today is $7 million per married couple - there are not a whole lot of taxpayers out there filing those returns. What IS a problem is the lack of a clear direction to point clients to... That actually keeps me much busier. ;) PolitiComm,
Your comment illustrates exactly what folks don’t seem to *get* about the federal estate tax. It simply doesn’t affect most taxpayers which means that I am NOT making money with the estate tax. The exemption as it stands today is $7 million per married couple – there are not a whole lot of taxpayers out there filing those returns.
What IS a problem is the lack of a clear direction to point clients to… That actually keeps me much busier. ;)

]]> By: PolitiComm http://www.taxgirl.com/federal-estate-tax-bill-up-for-a-vote/comment-page-1/#comment-12968 PolitiComm Tue, 01 Dec 2009 16:33:06 +0000 http://www.taxgirl.com/?p=4354#comment-12968 Boy, my comment has been awaiting moderation for quite some time. That doesn't surprise me. The truth is difficult to swallow sometimes. Boy, my comment has been awaiting moderation for quite some time. That doesn’t surprise me. The truth is difficult to swallow sometimes.

]]> By: PolitiComm http://www.taxgirl.com/federal-estate-tax-bill-up-for-a-vote/comment-page-1/#comment-12967 PolitiComm Tue, 01 Dec 2009 16:03:43 +0000 http://www.taxgirl.com/?p=4354#comment-12967 Evan, TaxGirl probably doesn't want real reform. If the estate tax were repealed, (or any other tax for that matter) how would TaxGirl make any money? As long as the tax code is complex, we need tax accountants to help us understand it. Bureaucracy creates expertise, but there isn't much that necessitates bureaucracy. The estate tax isn't sexy (that's why Republicans started calling it the Death Tax), but the fact that repealing it would create 1.5 million jobs is a sexy secret that Democrats, in particular, don't want you to know. Evan,
TaxGirl probably doesn’t want real reform. If the estate tax were repealed, (or any other tax for that matter) how would TaxGirl make any money? As long as the tax code is complex, we need tax accountants to help us understand it. Bureaucracy creates expertise, but there isn’t much that necessitates bureaucracy.
The estate tax isn’t sexy (that’s why Republicans started calling it the Death Tax), but the fact that repealing it would create 1.5 million jobs is a sexy secret that Democrats, in particular, don’t want you to know.

]]> By: Evan http://www.taxgirl.com/federal-estate-tax-bill-up-for-a-vote/comment-page-1/#comment-12965 Evan Tue, 01 Dec 2009 15:34:54 +0000 http://www.taxgirl.com/?p=4354#comment-12965 TaxGirl, You can't be that shocked (disappointed yes, but shocked no). Estate taxes aren't nearly as sexy as health care for all or the wars....so why fight for or against real reform? TaxGirl,

You can’t be that shocked (disappointed yes, but shocked no). Estate taxes aren’t nearly as sexy as health care for all or the wars….so why fight for or against real reform?

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