Liberal free for all coming to an end

[randolph]

Obama's Huge Would-Be Gift To The Scions Of The Super-Rich

by Dan Froomkin
WASHINGTON -- Millionaires and billionaires would reap big rewards if President Obama's tax cut deal becomes law, but thanks to the agreement's estate-tax provisions it's their heirs who will make a real killing.
The estate tax is a particularly hot-button issue with progressives who see the increase of income inequality and loss of social mobility as being the main underlying problems with modern American society. (Credit: Reuters/Rick Wilking)
The Obama concession that's getting most of the attention in the media is the one that would extend the Bush income tax cuts even for households making over $250,000 a year. That's a gift to your average millionaire of $139,000 a year for the next two years. But it's the estate tax cut which, despite its relatively lower public profile, has proven even harder for congressional Democrats to swallow. Obama's deal would free an estimated 40,000 of the biggest estates in the country each year that would otherwise have been subject to the tax from paying a single penny.
And the approximately 3,500 estates that would remain subject to the tax at all -- consisting of the top 0.14 percent of all U.S. estates each year -- would pay at a much lower rate.
Compared to current law, that would amount to a gift in 2011 averaging about $3.5 million for each of the thousand or so estates worth $20 million or more.
The total cost to the taxpayers would be about $23 billion a year.

So it doesn't matter who is in the Whitehouse, we will be screwed by the rich. Over Over and over