Sunday, January 27, 2008

The Republican Media- No. 10

On January 26, 2008 CNN presented live a portion of a speech of Rudolph Giuliani to an assemblage in Florida. As he is wont to do, Giuliani was promoting his plan for increasing the concentration of the nation's wealth in the hands of the privileged few to the detriment of the middle class. CNN cheerfully went along with the caption "Giuliani Wants To Do Away With The Death Tax."

Now, I'm no accountant, so I figured I would perform a Google Search on "death tax, Internal Revenue Service." Just as I expected, up popped an IRS page entitled "Estate and Gift Taxes," which explained "the estate tax is a tax on your right to transfer property at your death. It consists of an accounting of everything you own or have certain interests in at the date of death." And oh, the first $2,000,000 (that's two million dollars) of the value of the estate is excluded.

If you have property thus subject to the estate tax, or what Giuliani and CNN like to call the "death tax," please call me. We'll talk.

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