Home to Roost

Remember those pesty tax cuts - Bush Tax Cuts?

For 2009, estate taxes don't kick in until the estate is worth $2 million. In 2010, it is put off unless the estate is valued at $3.5 million.

Unless Congress, rather Obama who has the real power now, repeals these tax cuts, there will be no estate tax at all for the year 2011.

These past few days we have lost 3 celebs. I believe Ed McMahon was having financial trouble and Farrah may have worked her way through much of her wealth battling cancer.

Michael Jackson may have a left a chunk of change to his kids and chimp. It would have been better if he had made it to 2011. Estate taxes can be as high as 40-50% federal and California will be nearly solvent once they collect from his estate.

Just wanted to share that Bush did leave behind a few nice things. Maybe that's why Congress is so anxious to tax cigarettes and carbon. Soon they will be taxing our health benefits. All of this because of Bush' tax cuts. Damn George.

'til later