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View Diary: Billionaires, House Dems Spotlight Estate Tax Giveaway (7 comments)

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    •  Several reforms to consider. (3+ / 0-)
      Recommended by:
      HoundDog, KenBee, Sunspots
      - Limit the deductibility of charitable contributions from calculating estate taxes to 20% of the estate.  Gates & Buffett have been organizing many of the wealthiest to donate more than half of their wealth from their estate.

      - Have a $20 million cap on the marital exclusion, doing this would only impact combined estates of over $40 million.  This would bring in revenue much sooner as the first of two people meeting their demise happens much sooner than the second of two people.  This also avoid further deferral by the widow or widower by getting married again.

      Have the non taxed portion of the estate become $1 million per person receiving from the estate (no limit on number of people) rather a total from the estate.  This is to encourage the break-up of the wealth to a larger number of people.

      The most important way to protect the environment is not to have more than one child.

      by nextstep on Thu Dec 09, 2010 at 11:22:50 AM PST

      [ Parent ]

    •  The Estate tax deal is bad (2+ / 0-)
      Recommended by:
      HoundDog, Sunspots

      but the payroll tax holiday is worse.  It is a direct attack on Social Security.

      I could buy a parrot and train it to say, `tax cuts,' but at the end of the day, it's still a parrot, not a conservative.

      by MadRuth on Thu Dec 09, 2010 at 11:23:38 AM PST

      [ Parent ]

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