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Fiscal Cliff Literally Kills Millionaires?

Fiscal Cliff Literally Kills Millionaires?

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Fiscal Cliff Literally Kills Millionaires?

"Because the "fiscal cliff" will not stop for death, it looks as if death's carriage may make a "kindly" stop to pick up some American millionaires this year, to paraphrase Emily Dickinson.

In 2010, after a year in which the estate tax was zeroed out altogether, Congress passed a law that set the estate tax at 35 percent and exempted all estates under $5 million, adjusted for inflation. That law expires in January 2013 when the exemption will fall to $1 million and the tax will rise to 55 percent."*

With increases to estate taxes cause millionaires to drop dead before that happens? Dying in December will be cheaper for the very wealthy; history argues that could be a psychological trigger (or at least inspire family members to pull the plug). Cenk Uygur, Ben Manckiewicz (Host, Tur...

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  • www.democratichub.com    Fiscal Cliff Videos, Photos & Media Content

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  • www.city-data.com    Breaking news: Deal cannot be reached in time. Fiscal ...

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    http://www.city-data.com/forum/politics-other-controversies/1763044-breaking-news-deal-cannot-reached-time-13.html

  • article.wn.com    China urges local govts to deepen fiscal reforms ...

    Apr 29, 2015 · Fiscal Cliff Literally Kills Millionaires? Published: 31 Dec 2012. Add to Playlist Play Share Video. 2:30. The Fiscal Cliff: Implications for Science.

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  • www.cnbc.com    Will 'Fiscal Cliff' Accelerate Millionaire Deaths? - CNBC

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  • taxprof.typepad.com    TaxProf Blog: Will 'Fiscal Cliff' Cause More Millionaires ...

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  • article.wn.com    Estate tax hits fewer than 1 percent of estates - World News

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  • www.forbes.com    Where Millionaires Are Investing As 'Fiscal Cliff' Nears ...

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  • taxfoundation.org    The Impact of Speaker Boehner's Millionaire Tax | Tax ...

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  • www.businessinsider.com    Bill Kristol: Republicans Should Give Into To Higher Taxes ...

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  • www.city-data.com    Breaking news: Deal cannot be reached in time. Fiscal ...

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  • www.thedailybeast.com    Who’s Winning the ‘Fiscal Cliff’ - The Daily Beast

    Nov 12, 2012 · Who’s Winning the ‘Fiscal Cliff ... It won’t kill the country if we raise taxes a little bit on millionaires.’

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  • ohio.com    What Fiscal Cliff? - Mass Destruction - Ohio

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  • watchdogwire.com    Fiscal Cliff Notes: What It Really Means for Citizens ...

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  • www.newsmax.com    Kristol: GOP Should Compromise on Taxing Millionaires

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    http://www.newsmax.com/Newsfront/Bill-Kristol-fiscal-cliff/2012/11/11/id/463659/

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