Thought my readers might find this article interesting:
Tax Deal
Basically, they are reinstating the existing tax cuts that Bush instituted for another two years with a couple of wrinkles.
Estate taxes, in my opinion, are unconstitutional and deserve legislative death. How is this a reasonable law, when you are taxed on income, dividends, capital gains, etc. and amass wealth throughout your lifetime, only to have it stripped away once again upon death by grubby little legislative busy-bodies who can't manage a budget?
Interestingly, this law also keeps me in business along with a slough of estate planning attorneys. However, bad law is bad law and this is bad law. There is simply no justification for this type of taxation.
Chief among reasons for independence from Britain was taxation, yet here we are again.
Grace & Peace
PLW
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