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Old 11-13-2012, 03:40 PM   #11
RIJIMMY
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Join Date: Aug 2003
Location: TEXAS
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Quote:
Originally Posted by PaulS View Post
Estate planning could have certainly taken care of much of the burden. That is what life insur. is for.

I don't think it is robbery - you do. We live in a democracy. If the majority don't think it is robbery, it will stay the way.
life insurance? So PaulS in that story should have had life insurance to offset the government stealing his $? WTF!

an oh, by the way -


Section 2042 of the Internal Revenue Code states that the value of life insurance proceeds insuring your life are included in your gross estate if the proceeds are payable: (1) to your estate, either directly or indirectly; or (2) to named beneficiaries, if you possessed any incidents of ownership (we'll discuss this more below) in the policy at the time of your death

You dont think its robbery the government seizes 55% of your assets when you die? Wow! What an incentive to work hard and provide for your family.

the majority paul dont give a F becuase they wont make that mych money and could care less if the f the rich. thats EXACLTY whats happening now with your O buddy - you know, the millionaires who make 250K a year! THOSE PEOPLE DO NOT HAVE ENOUGH VOTES TO GET OUT OF THE TAX BURDEN THE REST OF THE COUNRTY IMPOSES ON THEM!!

if the majority are not being robbed, why should they care?

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