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.

From the ArkTimes store


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

  • Anybody around?

    The Thanksgiving open line.
    • Nov 23, 2017
  • Turkeys rescued in Yellville enjoy their Thanksgiving

    Farm Sanctuary, an animal protection organization, sends word that four turkeys rescued from the Yellville Turkey Trot after the annual drops from buildings and an airplane will enjoy Thanksgiving in friendlier places
    • Nov 23, 2017
  • The New Orleans charter school 'miracle'? It's a ruse

    The New Orleans Tribune has a devastating piece of editorial commentary, based on local reporting and test scores, that lays bare the depiction of the charterization of New Orleans public schools 12 years ago as a miracle of the "reform" movement.
    • Nov 23, 2017
  • More »

Readers also liked…

  • Judge anticipates punishment of lawyers in Fort Smith class action case

    Federal Judge P.K. Holmes of Fort Smith issued a 32-page ruling yesterday indicating he contemplates punishment of 16 lawyers who moved a class action lawsuit against an insurance company out of his court to a state court in Polk County after a settlement had been worked out.
    • Apr 15, 2016
  • Hospitality, restaurant groups oppose bathroom bill

    Add the restaurant and hospitality association to those opposed to Sen. Linda Collins-Smith's bill to keep transgender people out of public restrooms that match their gender identity.
    • Mar 16, 2017
  • IHOP coming down, but .....

    I always scan the Little Rock City Board for items of interest this week and this one caught my eye: A zoning measure required by a proposal to tear down the IHOP at Markham and University.
    • Apr 30, 2016

Most Recent Comments



© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation