Angela -497690 I think your facts regarding Obama's estate tax plan is incorrect. Both presidential candidates are behind keeping the estate tax; neither supports its repeal. Senator Obama is proposing a $3.5 Million Exemption and a 45% Estate Tax Rate. Senator McCain is proposing a $5 Million Exemption and a 15% Estate Tax Rate. Both proposals are still beneficial for wealth transfer just a different threshhold.
One other point: The rich have so many more tax breaks, and loopholes, than the average middle income wage earner. A 1031 exchange, deferred compensation, offshore accounts are prime examples. I for one don't mind paying my fair share as long as it could benefit others. Unfortunately everyone needs oversight big business and the government. US aid of $12 Billion missing in Iraq hurts Americans as we will never locate these funds and can't hold people accountable. At least if the funds are taxed based and used in the US, there is accountability. We need to start assisting on another instead of prophesizing what might be. There is a wealth of knowledge that you are a part of in academia and Obama is reaching out for change. I'm a Democrat who is tired of fear politics but has been inspired by Obama to reach out to others, become part of the solution for change. Vote Obama!!!
— KWW
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