Austin, You're tilting at windmills. BobAccording to the IRS, an estate tax filing need only be made if the value of an estate exceeds the following amounts:
2005: First $1,500,000 in assets 2006-2008: First $2,000,000 in assets 2009: First $3,500,000 in assetsIn addition, the maximum estate tax rate applied to the amounts in excess of these figures are as follows:
2005: 47 percent 2006: 46 percent 2007- 2009: 45 percentIn 2010, the estate tax rate drops to zero percent; if you die in that year, your heirs would not pay taxes, even if you passed on $20 billion!
On Dec 2, 2009, at 4:44 PM, Austin Franklin wrote:
Hi Frank,So, you should not be able to hand what you earned/worked for down to your children? The government should get most all of it? Here in the US, they already get near %75 of it (initial taxes, plus %50 inheritance tax). I disagree very very very strongly with that. I worked for it/earned it, and ALREADY PAID TAXES ON IT, and I should be able to do with it what I want, atleast within my immediate family. Regards, Austin-----Original Message----- From: rollei_list-bounce@xxxxxxxxxxxxx [mailto:rollei_list-bounce@xxxxxxxxxxxxx]On Behalf Of Frank Dernie Sent: Wednesday, December 02, 2009 1:41 PM To: rollei_list@xxxxxxxxxxxxx Subject: [rollei_list] Re: Copyright Law I would. The only tax I approve of is inheritance tax. 100%. Not practical i know, but -earned- income should be un-taxed and something you get by luck, without work, heavily taxed. Simplistic. On 2 Dec, 2009, at 17:49, Mark Rabiner wrote:Why not have copyright end with the death of the originalartist/inventor, hedoesn't need the income anymore and it would avoid unseemlyarguments from thefamily, who have done nothing to earn the income.If your going to just give up your intellectual property to thestate whynot also give up your cameras and homes as well? Mark William Rabiner --- Rollei List - Post to rollei_list@xxxxxxxxxxxxx - Subscribe at rollei_list-request@xxxxxxxxxxxxx with 'subscribe' in the subject field OR by logging into www.freelists.org - Unsubscribe at rollei_list-request@xxxxxxxxxxxxx with'unsubscribe' in the subject field OR by logging into www.freelists.org- Online, searchable archives are available at //www.freelists.org/archives/rollei_list--- Rollei List - Post to rollei_list@xxxxxxxxxxxxx - Subscribe at rollei_list-request@xxxxxxxxxxxxx with 'subscribe' in the subject field OR by logging into www.freelists.org - Unsubscribe at rollei_list-request@xxxxxxxxxxxxx with'unsubscribe' in the subject field OR by logging into www.freelists.org- Online, searchable archives are available at //www.freelists.org/archives/rollei_list--- Rollei List - Post to rollei_list@xxxxxxxxxxxxx - Subscribe at rollei_list-request@xxxxxxxxxxxxx with 'subscribe' in the subject field OR by logging into www.freelists.org - Unsubscribe at rollei_list-request@xxxxxxxxxxxxx with'unsubscribe' in the subject field OR by logging into www.freelists.org- Online, searchable archives are available at //www.freelists.org/archives/rollei_list
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