Archived posting to the Leica Users Group, 2008/04/09

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Subject: [Leica] $1,609,000 for a Edward Weston Print
From: red735i at earthlink.net (Frank Filippone)
Date: Wed Apr 9 07:48:17 2008
References: <20080409014229.KCUH4272.eastrmmtao103.cox.net@eastrmimpo03.cox.net> <C421C987.9EFE5%mark@rabinergroup.com> <a3f189160804090454q3554c383rebf9e98e101c7412@mail.gmail.com>

Live until 2011 and then die..... no limitation on the Estate to be free of
estate taxes...but ONLY in 2011

Unless the Laws change......

BTW, did you know that only 40,000 deaths a year result in any Estate tax
actually being paid?
I suspect that  the overhead of the expense of trying to avoid, legally,
plus the IRS cost of collection, enforcement, and legal challenge far
exceeds the revenue collected.  In California, they got rid of it.....
probably precisely for the reasons I have given..... it costs more to
collect than the revenue generated.....

Frank Filippone
red735i@earthlink.net



For a person dying during 2006, 2007, or 2008, the "applicable exclusion
amount" is $2,000,000, so if the sum of the taxable estate plus the
"adjusted taxable gifts" made during lifetime equals $2,000,000 or less,
there is no federal estate tax to pay.




Replies: Reply from kcarney1 at cox.net (Ken Carney) ([Leica] $1,609,000 for a Edward Weston Print)
In reply to: Message from kcarney1 at cox.net (Ken Carney) ([Leica] $1,609,000 for a Edward Weston Print)
Message from mark at rabinergroup.com (Mark Rabiner) ([Leica] $1,609,000 for a Edward Weston Print)
Message from sonc.hegr at gmail.com (Sonny Carter) ([Leica] $1,609,000 for a Edward Weston Print)