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Breitburn Energy Partners LP Message Board

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  • rlbeard6734 rlbeard6734 Mar 19, 2010 11:46 AM Flag

    Beware of Yahoo....BBEP distributions

    that assumes you have no estate taxes, estate taxes are higher than income taxes, they reach 65% including state and federal if your estate is larger enough. IN my case I have set up a family trust over 10years ago and have gifted within allowable limits all of my assets away except my retirement account otherwise I would have been in that bracket. I would still have been in that bracket had my children not blessed me with 20 grandchildren that also allowed me to gift it away quicker. Taxes are inevitable and getting more so as the politicians are financially irresponsible and incapable of making difficult decisions that are best for the country. If you believe this then you know you will pay more taxes and that the middle class will always be taxed. Obama said no taxes on anyone under 250k but the healthcare bill has plenty of taxes for everyone, esp us that invest in stocks, real estate, cds or basically those that SAVE. The rise in medicare premiums is a very bad tax for the poor. The only people he didnt raise taxes for in this bill is those on welfare that dont work and dont pay taxes. Everyone else that gets a paycheck will pay more in taxes.

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