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I can't belive I just read this: Expect an increase in deaths of rich old people before Jan 1st to escape increases in estate taxes.

 
U.N.C.L.E.
User ID: 30250492
Canada
12/27/2012 07:19 PM
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I can't belive I just read this: Expect an increase in deaths of rich old people before Jan 1st to escape increases in estate taxes.
Like I said. I can't belive I just read this: Expect an increase in deaths of rich old people before Jan 1st to escape increases in estate taxes.

Is that the MSM saying that relatives are going to knock off their rich relatives to save some money?

"Many families are faced with a stark proposition. If the life of an elderly wealthy family member extends into 2013, the tax bills will be substantially higher. An estate that could bequest $3 million this year will leave just $1.9 million after taxes next year. Shifting a death from January to December could produce $1.1 million in tax savings.

It may seem incredible to contemplate pulling the plug on grandma to save tax dollars. While we know that investors will sell stocks to avoid rising capital gains taxes, accelerating the death of a loved one seems at least a bit morbid—perhaps even evil. Will people really make life and death decisions based on taxes? Do we don our green eye shades when it comes to something this serious?"

WTF?

[link to www.cnbc.com]
Him Again
User ID: 29591477
12/27/2012 08:54 PM
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Re: I can't belive I just read this: Expect an increase in deaths of rich old people before Jan 1st to escape increases in estate taxes.
A few might. But they could also falsify the 'death (fudge the date - maybe by years) like, oh, Ken Lay?
samanthasunflower

User ID: 29507233
United States
12/27/2012 09:28 PM

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Re: I can't belive I just read this: Expect an increase in deaths of rich old people before Jan 1st to escape increases in estate taxes.
Yes, it's going to happen.

Sadly, I can also see a few old farmers or small business owners who have 'accidents' before the end of the year. They would rather cut a few years off their lives, then give the family farm or business (which may have been in the family for 100 years) to the government.

All of you who demand that the rich get soaked have the blood of these people on your hands.
Anonymous Coward
User ID: 30978520
United States
12/27/2012 09:48 PM
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Re: I can't belive I just read this: Expect an increase in deaths of rich old people before Jan 1st to escape increases in estate taxes.
LOL if I were old with a lot of money...wait, even if NOT old...I'd be very careful of my relatives for the rest of this year!