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Estate tax still applies for 2012


July 27, 2013

LISBON — Ohio’s estate tax may be no more, but any estates above a certain dollar amount left behind by a person who died in 2012 is still subject to the tax....

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Jul-31-13 6:06 PM

Yeah, keep telling yourself whatever you need to in order to sleep at night. You are 1 accident away from needing the "gubbmint" to survive, yet you snarl at the idea that you ever benefit from the state.

I'm willing to bet that you've benefited from state aid at a number of different times in your life. Of course, you'll deny it and pretend that as a member of the working class you're entirely self-sufficient, but reality is a different matter. One slip at work, one major surgery, and someone making an hourly salary is going to need state assistance. And, that is in addition to roads, libraries, fire/police, schools, parks, water/sewer that are all subsidized by the state.

You can fool yourself, but you can't fool me.

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Jul-31-13 8:29 AM

I'll keep my eye on that and see if it ever does come back to bite her. Although considering the money involved, I doubt she'll care much.

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Jul-30-13 3:49 PM

Yep, it's going to implode eventually. I know somebody very close to me that just recently became an 80% disabled veteran. What did she do to deserve it? Got captured in a war zone? nope. Had a limb blown off by an IED? nope. Agent orange or nerve gas exposure? nope. No, she just sent her service record into the VA to see if she qualified for anything. They came back giving her 80% for the rest of her life (she's in her twenties) for some complications during child birth and the anxiety related to it; and with 2 years back pay. WOW.

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Jul-30-13 9:29 AM

And if the stock market crashes, which I believe is likely to happen sooner or later, it won't affect me outside of inflation, which affects all money whether invested or not.

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Jul-30-13 9:25 AM

NotSoc, Maybe I'm just old fashioned and have a Depression era soul, but I have no intention of playing the investment games that most people do in riding the rollor coaster market in the hopes of never having to spend their principle savings. I'll be pulling all my money and keeping it in a safe or otherwise well hidden. Sure, I'll eventually run out if I live too long but at least the gummit won't know I have it and therefore can't tax me out of it. Whatever's left, the kids can have tax free.

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Jul-29-13 9:15 AM

Phoenix, the point that's trying to be made is simple. The gov't, whether local, state or Federal, should not be taking a cut of a dead man's estate. I don't care what it's for. Let him leave it to his family. It's not like it's no longer going to be taxed. As the money gets spent by those that inherit it, it becomes taxed again anyways. But to just take a percentage off the top is greedy and wrong.

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Jul-29-13 9:04 AM

Wow notSocialist, you certainly have a short fuse. I think it's obvious rentss wasn't referring to federal assistance, since the article was referring to local revenues, you know money that pays for police, road repair, snow removal, etc. Those things everyone benefits from, even you.

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Jul-29-13 8:32 AM

NotSoc, it's very frustrating. A simple statement that it's nothing but greedy vultures that would take a piece of somebody's estate that's already been taxed the dead person's whole life; and some people just can't and won't get it.

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Jul-28-13 9:19 AM

Yeah, that's what I thought. Psychologically, I really don't know how to explain people like Notsocialist. They benefit from government programs, but they don't understand where the funding comes from.

I have no problem with the old estate tax even though my family members have usually been hit by it in the past. So, $20,000 or so goes to the state, but someone's gotta help pay for township roads and it's not just to look to people making $10/hour to be able to pay much. At any rate, I just find it odd that someone who is at the bottom of the ladder would always identify with those toward the top.

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Jul-27-13 3:54 PM

Well, let's put that assertion to the test, Notsocialist?

Ask yourself, if I had died last year, would my assets have been worth more than the $350,000 or $500,000 thresholds? Right there will tell you if you would've been able to "escape the greed of government".

Remember, only 7% of so of local residents fit this, so if you pretend to be worth more than you really are remember that you'd have to be in the top 10% or so of local wealth.

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Jul-27-13 2:15 PM

Yes, and people are getting fed up with it and starting to vote with their feet. Especially since voting at the ballot box makes no difference. The party of "No" has no chance in the long haul over the party of "Free."

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