THE SO CALLED "DEATH TAX" AFFECTED ONLY A VERY SMALL MINORITY OF SUPER WEALTHY TAXPAYERS AND AFFECTED THOSE INDIVIDUALS AND FAMILIES WHO FAILED TO PLAN PROPERLY BY TAKING OUT ADEQUATE LIFE INSURANCE OR HAVING ADEQUATE CASH RESERVES TO PAY THE ANTICIPATED ESTATE TAXES AFTER THE OWNER OF THE ESTATE PASSES AWAY.
IN 2000, THE EXCLUSION AMOUNT ON ESTATE TAXES WAS JUST $675,000 BUT IN 2016 THE NEW EXEMPTION WILL BE A WHOPPING $5.45 MILLION MEANING THAT THOSE MILLIONS WILL BE EXEMPT FROM THE SO CALLED DEATH TAX, LEAVING MILLIONS IN UNCOLLECTED REVENUE FOR THE US TREASURY. THIS EXEMPTION WAS RAISED AFTER EXTREME FINANCIAL PRESSURE WAS PUT ON CONGRESS AND PRESIDENTIAL CANDIDATES BY WELL HEELED DONORS SICK OF GIVING THEIR HARD EARNED MILLIONS TO THE TAXMAN.
NOT ONLY DID THE SUPERWEALTHY TRIM THEIR ANNUAL TAX BILL BY A VAST AMOUNT, THEY TOOK THAT SPARE CASH TO MAKE EVEN MORE MONEY BY INVESTING THAT AND CREATING MORE WEALTH! IT IS LIKE IT'S CHRISTMAS IN JULY FOR THE ULTRA RICH! LOWER TAXES AND MORE MONEY TO INVEST AND SPEND TO THEIR HEARTS CONTENT!
SO THE NEXT TIME YOU HEAR ABOUT THE ULTRA RICH BELLYACHING ABOUT HAVING TO PAY HUGE TAXES, DON'T FEEL TO SORRY FOR THEM. THE REASON THEY PAY HUGE TAXES IS BECAUSE THEY HAVE HUGE INCOMES AND SOURCES OF WEALTH THAT THE AVERAGE AMERICAN COULD ONLY IMAGINE. DO THEY PAY THEIR FAIR SHARE? PROBABLY NOT. SHOULD THEY PAY MORE TAXES? YOU BET YOUR ASS!
THE RICH ARE ON EASY STREET WHILE MILLIONS STRUGGLE FOR A CRUST OF BREAD OR HAVE DIFFICULTY PAYING THEIR UTILITY BILL. THE RICH ARE THE BENEFACTORS OF EVERYTHING AMERICA HAS PROVIDED FOR THEM TO OBTAINED THAT GREAT WEALTH, YET THEY HAVE THE BALLS TO BELLYACHE ABOUT PAYING TAXES!
YOU KNOW WHAT WARRIOR SAYS?
FUCK 'EM! LET THEM PAY MORE!
THEY CAN AFFORD IT!
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