Estate tax to live | Arkansas Blog

Monday, January 12, 2009

Estate tax to live

Posted By on Mon, Jan 12, 2009 at 8:13 AM

Wall Street Journal is reporting that President Obama will move to prevent the estate tax from expiring next year. This will be good for the budget. Some disappointing news to the handful of super wealthy who potentially have to pay a little under the levy. Obama would lock in the exemption at $3.5 million -- or $7 million for couples. Sen. Lincoln, what say you? Is a $7 million tax exemption (a figure of net assets above any debt, remember) enough to protect the small family farmer?

Be sure to read the story. Fascinating on how this developing compromise was reached -- in part because the super wealthy wanted to throw small businesses and small farmers and everyone else overboard with a flat 15 percent estate tax on EVERYONE. A windfall of staggering proportions for people named Walton; a screwjob for everyone else, in keeping with the tax-work-not-wealth core principle of the super rich.

Sign up for the Daily Update email

Comments (14)

Showing 1-14 of 14

Add a comment

Subscribe to this thread:
Showing 1-14 of 14

Add a comment

More by Max Brantley

Readers also liked…

  • Arkansas: Land of .......

    Welcome to Arkansas: Land of cowardly politicians, discriminatory laws, inhumane turkey drops and lots and lots of Trump voters.
    • Oct 8, 2016
  • Use of solar on the rise in Arkansas

    With a pivotal ruling expected any day now from the Public Service Commission, Kyle Massey at Arkansas Business reports on the increase in Arkansans adding solar generation units on their homes and business.
    • Apr 13, 2018
  • The inspiring Hillary Clinton

    Hillary Clinton's campaign for president illustrates again the double standard applied to women. Some writers get it. They even find the supposedly unlikable Clinton inspiring.
    • Oct 16, 2016

Most Viewed

  • The Tom Cotton Big Lie open line

    Here’s the Saturday open line with some info on Tom Cotton's attack on Clarke Tucker, apparently viewed as a threat to French Hill's re-election from the 2nd District.

Most Recent Comments

  • Re: The Tom Cotton Big Lie open line

    • NVR, I was a pharmacist until recently so I already know about poison. ;-) But…

    • on May 26, 2018
  • Re: The Tom Cotton Big Lie open line

    • "my crackpot musings" Never fear, you're not a Rapert-level crackpot. Perhaps HE'S a simulant who's…

    • on May 26, 2018
  • Re: The Tom Cotton Big Lie open line

    • Olphart--I haven't read that book, but I read one a few years ago on the…

    • on May 26, 2018



© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation