Alex Smith Outline

Part 1-Problem

The Death Tax - Since the beginning of the nation there has been what is known as the estate tax. This tax requires that the wealth of individuals who died to give about half the assets to the government. This is such a nasty tax that Thomas jefferon, Theodore Rooselvelt and Ulysses S. Grant have repealed this tax. The most recent person to rid  of this tax was George W. Bush. Unfortunatly Obama after saying no new taxes brings back the tax at 55% with a 1 million dollar exemption which is the highest rate with lowest exemption amount. in other words whoever has assets over one million will be taxed - the one mill exemption. small businesses are really affected as most have to sell off their business to be able to pay the tax. not to mention this money has already been taxed every month of your life. "According to G. Stuart Mendenhall as of 2011 a 5 million dollar estate would be paying 2.2 million in taxes. This tax needs to be abolished for good. "

Part 2-overview

Death Tax - When Bush came to presidency he enacted a plan to rid of this tax. it would decline over the years and in 2010 be gone. and in hopes that if it was gone for one yaer it would be gone for good. that is until Obama came to presidency. he has failed to do every thing he has said amd spent nealry a trillion on bailouts that will hurt many generations and he even went another step and lied about no new taxes. in his budget report hidden in a foot note he revived the estate tax at its highest rate since the modern version of the tax and the lowest exemption rate meaning many more families and businesses will be taxed. This tax is a lot like robin hood as half of the rich peoples money is given to the poor people on welfare with ten children. our money has been earned failry and taxed failry already while those poor people have never made a penny or paid taxes as my taxes that i have already paid have been given to them so why should i give them more instead of it going to my family thats just not fair. they need to make their own money and the government needs to mind its own business not only will you give away 2.2 mill on a 5 mill estate but 30% of that has been taxed every month you made a paycheck so in others words you only get about 70-80% of what is rightfully yours. I could name at least 15 or 20 people of the top of my head that will be heavily affected by this and are mad about this and im not talking about celebs i mean people i personally know. so all the talk about less than 1% of the nation is affected by this is false. Back when i used to live in plano i would say that probalbly 80% od that city will be affected and thats just one city. Just about the entire state of california will be hit and thats 33 million of about 300 million. although not all people from california wont be hit most will. if you take the biggest richest cities then well over 1% will be hit. Texas alone could equal 5-10% with another 5-10 from california. chances are that as a congress person you have well over a million and will be hit hard your self. "According to nodeathtax.org law has passe that puts the tax at 35% at 5 million until 2013 then its back to 55% at 1 mill and the tax includes any and all life earnings including house car business and investments and must be paid within 9 months of death and if funds arent available then assets must be sold."