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If George Bush Sr. doesn't die before tommorw night his family might loose millions of $s due to "Fiscal Cliff"

 
YOUCITY
User ID: 18850702
United States
12/30/2012 08:53 PM
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If George Bush Sr. doesn't die before tommorw night his family might loose millions of $s due to "Fiscal Cliff"
This certainly puts some more intrigue into the recent stories about GWBs health status. I saw an interesting story in the msm that was released just two days ago , here's the link

Will Fiscal Cliff cause more millionaires to die before Dec 31 2012 ?
[link to taxprof.typepad.com]
Because the "fiscal cliff" will not stop for death, it looks as if death's carriage may make a "kindly" stop to pick up some American millionaires this year, to paraphrase Emily Dickinson.
In 2010, after a year in which the estate tax was zeroed out altogether, Congress passed a law that set the estate tax at 35% and exempted all estates under $5 million, adjusted for inflation. That law expires in January 2013 when the exemption will fall to $1 million and the tax will rise to 55%.
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? ...
There is good evidence that there is some "elasticity" in the timing of important decisions about life and death. ...
YOUCITY (OP)
User ID: 18850702
United States
12/30/2012 08:57 PM
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Re: If George Bush Sr. doesn't die before tommorw night his family might loose millions of $s due to "Fiscal Cliff"
That article almost seems like a weird message to someone , or maybe it's just my over active imagination