July 12, 2006

More News you can Use

A fantastic damn fisking by Ken of it comes in pints? regarding estate taxes and the lunatics who think that they are both useful and only for the rich.

Believe me, he knows a lot about the subject, from personal experience.....

Here's Ken's money shot....
After laying out the current law regarding estate exemptions through 2010, he says:

"this piece never mentions that in 2011 the exemption goes back to $1 million (and the top tax rate goes to 50%). Think about how much land prices (both home and farm) have increased in recent years. Think about how many people have IRAs and similar vehicles. How many of those estates will be valued at over $1 million five years from now? A lot of people who don't consider themselves rich are going to be very unpleasantly surprised." (emphasis mine)
Even if you don't know much about the Estate Tax issue, drop by and read what Ken has to say. It's quite an education.

Posted by caltechgirl at July 12, 2006 03:04 PM | TrackBack

Why, thank you very kindly for the link!

Posted by: Ken Summers at July 12, 2006 03:45 PM

Quite an education indeed - thanks for pointing me in his direction...

Posted by: Richmond at July 17, 2006 10:48 AM