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Barring legislative action before the end of the year the Federal estate tax — also known as the death tax — will return on Jan. 1, 2011. That means the Feds will steal 55 percent of the estates valued at more than $1 million of people who die after Jan. 1.
Elected elites and their media lapdogs have successfully sold the argument that only the rich pay estate taxes and therefore those taxes are justified. But add the value of a home, a retirement account (such as a 401k) and a little bit of savings and other real property and it doesn’t take long to pass the $1 million threshold.
Thomas Jefferson expressed his own views of the “death tax.”
Representative Steve King (R-Iowa) is a Constitutional conservative and advocate of the Tea Party. Robert Ringer recently interviewed King as part of his Liberty Education Series. In the interview King talks about President Barack Obama’s economic philosophy and his (Obama’s) lack of respect for entrepreneurs and small business owners, and King’s efforts on the small business committee to try and reign in the over-regulation of the government…
For months, Democrats have been accusing Tea Party candidates who won GOP nominations for moderating their anti-debt, anti-big government message and shifting to the center. However, there is now evidence that some Democratic candidates are doing the same.
As national gun rights leaders are preparing to hold the 25th Annual Gun Rights Policy Conference in San Francisco later this month, they are also celebrating a significant public relations victory in the famously liberal city.
I have a sneaking suspicion that President Barack Obama has a sign on his Oval Office desk that reads, “The buck stops with Dubya.” According to the Boston Herald, “Our President cannot resist a good opportunity to blame Bush.” Read this article to see what all Obama blames on Bush…
As President Barack Obama prepares to call on lawmakers to pass more stimulus spending, a growing number of Americans are voicing their concerns over the ability of the Democratic party to handle the nation’s finances.
A year after the government’s massive spending program, Cash for Clunkers, United States automakers are reporting disappointing sales figures, suggesting that the long term effects of the initiative may be less stimulating than intended.
An appeals court has set a briefing schedule for a lawsuit challenging the airport naked body scanner program. The United States Court of Appeals for the District of Columbia Circuit will hear arguments in the case of Electronic Privacy Information Center (EPIC) v Department of Homeland Security (DHS), and initial briefs are due Nov. 1.
With the mid-term election season getting into full swing following the Labor Day holiday, a USA Today/Gallup poll reveals that Democrat hopes of holding onto both houses of Congress are dimming.
Florida Supreme Court has rejected the attempt to consult voters on the Federal healthcare overhaul by striking a ballot initiative that would ask residents to support or oppose the measure.