Hidden Tax Hikes from Obama

[Archaea]

The Unified Credit.

Republicans engineered the elimination of the Estate and Gift tax for 2010, intending for it to be debated and made permanent before this year. Last year the Unified Credit sheltered 3.5 Million per person, this year the tax doesn't exist.

Obama's minions are blocking any move to revert to what was thought would happen, restore it to $3.5 Million, and there is a move amongst the minority to make that happen, but it's likely Obama's socialists will block it to create a tax hike without having to do anything. The Estate and Gift Tax really generates miniscule amounts of revenue but the appearance is that it's a boondoggle for the rich, so he'll state he didn't raise taxes, which might be technically correct but practically a lie.

So estates will only shelter $1.0 Million Dollars per person. Obama is such an ass.

Get your insurance boys and girls, you're going to need liquidity to pay those outrageous estate taxes.