Estate Tax-Federal Estate Tax

Jacques C asked:


I know we are debating the current form of the bill that increases the amount one can pass on tax free from 2 million (for couples) to 10 million. and decreases the rate at which the rest gets taxed.

But when was the current system adopted? How much inflation has occured since then? the 2 million figure, how much would that be in todays dollars?

Barton Montecalvo

James A asked:


When a Real Estate Agent adds a listing to the MLS, does the MLS service provide the same services and the same types of data? And do all MLS services generate the same type of MLS Listing in each area of the country?

Does a listing in Caldwell Idaho have the same infortmation as a listing in Reston, Virginia? Specifically the Tax Roll info?

And does each MLS operate under it’s own rules in regards to how the ONLINE MLS data for that “County” (or however MLS chapters are defined) is aggregated and displayed?

Cliff Dumesnil

joshua b asked:


There are some other stipulations with the purchase any advice would be helpful. “Property sold “as is”. Purchaser responsible for search,survey,and transfer tax.” This is a double unit house in a decent area. I am interested in fixing it up and living in one unit renting the other.

Roscoe Klimko

Space Ghost asked:


Not the rich, the average person.
43- This dude is funny

Arron Lemar

Jesi asked:


Everytime I hear a liberal whine about all of the government programs that are affected by the reduction of the estate tax it just proves my contention that nothing short of communism will make these people happy. An estate tax penalizes people who die rich, and is just a way for the government to legally steal a family’s money.

Why should hard earned money be taken from someone’s estate? Why wait until they are dead? Just set a limit and once you earn more than that the government gets it. Its the same thing, taking money for the “good of the people” doesn’t become any less onerous just because the person who owns it dies.

The money is taxed as earning already, and then annually on interest. Liberals are using the tax code to play Robin Hood.
Thank you masterjack, Max Sterling, Nora and Thomas S. By either ignoring the question and trying to insult me or by totally engaging in lies or changing the subject instead of dealing with the question asked you again prove my point that liberals, and by association, the Democrats, cannot legitimately argue a point, especially when they know they are wrong.

Nora, everything you said is wrong. From your personal attack on me (I’m quite well informed), to liberals founding this country (they were against excess taxation, remember, they were also landowners and businessmen, not exactly your typical liberals.) And I find it odd that you would associate retaining your family’s possessions with winning the lottery.
Cool Guy: For someone who admonishes me to learn about economics let me fill you in on a little something. People with large estates generally invest that money, either in the markets or T-bills; this is a direct investment in our economy. How does a country benefit by taking half of a family’s wealth (that was invested in the country’s economy) and transferring it to the general treasury where it get pumped down the usual political rat holes?

If the money passes on to the family members it stays invested, and continues to generate taxable interest income. The way the Estate Tax is designed the treasury gets a short term windfall but loses a long term revenue source.

Rico Aidt