The Estate Tax Has Been Repealed!

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Tuesday January 05, 2010 · 11:11 AM PST

2010/01/05 · 11:11

While no one was looking, and while no one seemed to care, something interesting and - dare I say - totally and utterly incompetent happened in Congress. The Estate Tax has been repealed!

From the time of the enactment of Bush's tax cuts in 2001 until Thanksgiving 2009, no estate planning professional thought this day would ever come. No one thought that we would ever reach repeal in the year 2010. I mean, the Estate Tax is repealed for 1 year in 2010 and then next year, in 2011, the tax law changes "sunset" and we revert back to the way the law looked 10 years ago - in 2001! Surely Congress would enact a law before 2010 that made some stable Estate Tax regime permanent! But no! Through either total incompetence or.... well, through just plain total incompetence, Congress did nothing before year end.

And now we have a mess!

NowAndZen

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Friday November 07, 2008 · 8:17 AM PST

2008/11/07 · 08:17

There's a funny tradition in Georgetown Delaware. It's called Return Day. Here is the description of Return Day from it's very own website:

Although the date of the first RETURN DAY in Georgetown is uncertain, it could have been as early as 1792. The State Law in 1791 removing the County seat from Lewes along the Coast to the a more geographically centered site, later named Georgetown, required all votes to be cast in the new County Seat on election day.

The same voters would "return" two days later to hear the results - hence the name RETURN DAY.

In 1811, voting districts in the individual hundreds were established, but the Board of Canvassers presided over by the Sheriff would still meet two days later in Georgetown to announce the final tally.

Ever since, Georgetown continues to celebrate Return Day 2 days after an election. Even now, when votes are tallied electronically and the results are in long before two days after the election.

Return Day

NowAndZen

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Wednesday November 05, 2008 · 6:44 AM PST

2008/11/05 · 06:44

We saw history last night. I watched at 11:00 Eastern Time as the election was called and had tears in my eyes and goosebumps. I watched President Elect Obama's acceptance speech in Chicago and had even more tears in my eyes and goosebumps.

NowAndZen

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Tuesday October 21, 2008 · 6:33 AM PDT

2008/10/21 · 06:33

I typed an email to someone today and wrote "Obama" in the email. What Bill Gates did to me next was a horrible perpetuation of the vicious, underhanded hate campaign that the radical right has waged against Barack Obama!

NowAndZen

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Wednesday October 08, 2008 · 6:40 AM PDT

2008/10/08 · 06:40

In last night's debate I saw something in McCain's behavior that was inexplicable on its face, but very telling if you think it is a window to his thought. I recoiled when this moment transpired and thought it was bizarre. I haven't seen anyone talking about it, though I think it was yet abother WIERD moment.

NowAndZen

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Tuesday October 07, 2008 · 7:01 AM PDT

2008/10/07 · 07:01

I hope yesterday was the low-water mark of civility in the MCain/Palin campaign, but I'm afraid that McCain and Palin may be heading down a dangerous path and that they do not know where it ends. They may actually be 1 step away from being the rallying leaders of a lynch mob. Their inflamatory speech is metaphorically asking their supporters to bring tar, feathers, pitchforks and torches.

Let's look at yesterday's scary developments.

NowAndZen

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Friday October 03, 2008 · 7:45 AM PDT

2008/10/03 · 07:45

Exactly what did Sarah Palin do last night that any high school drama club member couldn't have done?!?!?!?!

I knew Palin wasn't going to stumble, drool or look dumbfounded last night. And I knew that after the debate the pundits would say that she stemmed concerns about her. But instead of giving Palin credit for not looking stupid, let's step back and think about how someone turns in a performance like Palin did last night.

NowAndZen

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Tuesday September 30, 2008 · 1:18 PM PDT

2008/09/30 · 13:18

If the country really needed the bail-out package in order to save our economy from certain disaster, then the Republican House Republican's excuse for not voting in favor of it yesterday was completely bogus and puts politics ahead of country!

A perfect analogy to follow:

NowAndZen

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Monday September 29, 2008 · 1:04 PM PDT

2008/09/29 · 13:04

I'm from Delaware and I've met Joe Biden. Many, many of us Delawareans have. Unlike the OTHER Vice Presidential candidate, Joe Biden is as advertised. You see him everywhere around Delaware, and he is a good, decent, caring, accessible guy. I write this, because I wanted to share a real impression of Joe Biden from on the ground here in Delaware to those who might only get to see an impression through the often jaded or sanitized political lens.

The two points of this email are that based on my personal experience: (1) Joe Biden is as advertised, and (2) Joe Biden is a friend to the Jewish Community.

More below...

NowAndZen

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Wednesday September 24, 2008 · 8:43 AM PDT

2008/09/24 · 08:43

Henry Paulson, ex Goldman Sachs partner and now Secretary of the Treasury , would like the U.S. taxpayers to foot the bill for $700 billion to buy risky, underperforming assets from large Wall Street investment banks, as their profitability takes and dip and the executives still rake in billions. Aw, those poor investment banking businesses got stuck holding risky assets. Let's help them so they don't suffer losses.

Look at it like this. It's like winning lots of money at the high roller's table at Ceasers in Las Vegas night after night, and buying yourself fancy cars and houses in the Hamptons with all your winnings, and then one night you lose big and the floor manager comes up and taps you on the shoulder and hands you $700 billion in chips.

Let's think about our priorities.

NowAndZen

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Monday September 15, 2008 · 3:37 PM PDT

2008/09/15 · 15:37

Phil Gramm was behind the Enron Loophole that removed regulation over internet energy trading which gave rise to higher oil prices.

Phil Gramm was also behind the Gramm-Leach-Bliley Act that removed Depression-era regulation over the financial services industry and helped cause the financial services crisis we have today. Thanks Phil Gramm!

Here are more details:

NowAndZen

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Tuesday September 09, 2008 · 9:10 AM PDT

2008/09/09 · 09:10

I was watching AC 360 last night and they did a story about Sarah Palin's religious training and beliefs. We all know now that since she was a teenager, Sarah attended Wasilla Assembly of God, where they speak in tongues, believe in faith healing, and belief in the imminent return of Jesus and the rapture. I just checked. It's right there on their website This is where Sarah received her religious training.

We all know that she still remains close to that church. We've seen her speeches from this summer about God's plans regarding the pipeline, Iraq, etc. You see, the people of that chruch have some sort of direct knowledge about what God's plans are.

In 2002, she left that church and joined Wasilla Bible Church. I heard some things last night that disturbed me. Here's the story CNN Story

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