When the nepotistic wonder, Birch Evans Bayh III speaks on the economy, people listen.
Academic sugar plums like these don't grow on trees: graduated with honors in business economics and public policy from the Indiana University Kelley School of Business in 1978, where he was a member of Phi Kappa Psi. He also has an honorary Doctor of Laws degree from Golden Gate University School of Law in California.
Evan's daddy, Birch Evans Bayh II did some good things as speaker of the house and US senator. He also pulled Teddy Kennedy out of a plane that they crashed in. It's early in his career yet, so unlike W, maybe he can still match or exceed his dad.
If not, perhaps his son, Birch Evans Bayh IV will.
Evan Bayh will not be the only Democrat to separate himself from Mr Obama. Wisely so. Four years is not that far off.
There will certainly be more sane and rational members of both the House and the Senate following that lead.
It is just a matter or time.
Posted by redsneakers at April 4, 2009 11:30 AMMany Democrats, including this one, believe that the estate tax should be repealed. It taxes assets that have already been taxed, thus punishing those who have saved and invested.
Many Democrats, including this one, believe that JoeCHI: the estate tax should be repealed. It taxes assets that have already been taxed, thus punishing those who have saved and invested.
That is a LIE. Capital gains taxes have not been paid on stocks owned by the deceased.
You sound like a ReThug troll.
Posted by gay veteran at April 4, 2009 03:46 PMCapital gains taxes have not been paid on stocks owned by the deceased.
You sound like a ReThug troll.
Posted by gay veteran at April 4, 2009 03:46 PM
Gay Moron probably doesn't realize that the beneficiary recieves a step-up in the cost basis of those stocks at the time of death, so their are no capital gains - just estate taxes (aka, the death tax).
I think there needs to be a death tax. It just needs to be set at a higher level to not impact middle class families and small businesses. Too many families had to shut down the family business to pay the death tax, and that's wrong. Folks living and working on Main Street don't deserve abandoning their way of life to a heavy-handed tax code.
Posted by JFixx at April 4, 2009 03:54 PMIt just needs to be set at a higher level to not impact middle class families and small businesses.
Well, assclown, what part of $3.5 million is middle class? The unified credit excludes anything below that. So, are you a fucknut McCain republi-KKKon?
Too many families had to shut down the family business to pay the death tax,...
A liar and an idiot. That's precious! $3.5 million, again.
Folks living and working on Main Street don't deserve abandoning their way of life to a heavy-handed tax code.
And your worthless progeny deserve to make it on their own...if they can, on $3.5 million. It'll be hard, and we give them our best wishes. Douche-nozzles deserve that.
Posted by phidipides at April 4, 2009 10:11 PMSo, are you a fucknut McCain republi-KKKon?
Why else would he hide a "Fox Nation" link behind a tinyurl? The display of cowardice in his convictions proves it.
Posted by Twinky P* at April 5, 2009 07:43 AMThe real problem with the estate tax is that the truly wealthy pay lawyers to put their money in elaborate trusts that "give" the money to their kids while still alive and yet regain full use and control. This is why the Kennedy's, Gates and Buffets of the world can get around the death tax. It is those that have assests that put them over the threshold but no real cash to spend on lawyers that get screwed.
Posted by manapp99 at April 5, 2009 08:19 AMGates doesn't have kids.
Posted by Seven of Six at April 5, 2009 08:49 AMGates has no kids?
From Wiki:
"Gates married Melinda French from Dallas, Texas on January 1, 1994. They have three children: Jennifer Katharine (1996), Rory John (1999) and Phoebe Adele (2002)."
Jen, Rory and Phoebe must be windows based robots I suppose.
Posted by manapp99 at April 5, 2009 09:20 AMIt is those that have assests that put them over the threshold but no real cash to spend on lawyers that get screwed.
$3.5 million dollars. $7 million if married.
And it's really tough to form a trust. You've got to have the competence to engage in making a contract. If your poor wealthy middle-class people are so stupid as to be unable to form a contract then they are going to use all their assets for firewood or trade them for bright gewgaws. It's not a lawyer thing. It's a dumber than hell thing.
Posted by phidipides at April 5, 2009 09:28 AMJFixx has a reading comprehension problem. You need to re-read my post because I was commenting on JoeCHI saying that these assests had ALREADY been taxed (which is totally false).
JFixx: "...Too many families had to shut down the family business to pay the death tax, and that's wrong...."
Interesting, especially when over 99% of estates pay NO estate taxes.
Posted by Gay Veteran at April 6, 2009 12:41 PM