Sunday, November 1, 2009

Projo Reporter uses right wing phrase "death tax" to describe estate tax changes

The thing about the ProJo business page is that it doesn't even try to hide its bias. In today's Moneyline report, business reporter Neil Downing uses the highly charged and totally inaccurate "death tax" to refer to the estate tax.

Under current law, your estate escapes Rhode Island’s estate tax — also known as the death tax — if its overall value is $675,000 or less.

Starting Jan. 1, 2010, the threshold jumps to $850,000, said Michael F. Canole, the Rhode Island Division of Taxation’s chief of examinations. Thus, fewer estates will wind up subject to the tax.

Great...another tax break for the elite while working people take pay cuts.

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