Richfield couple accused of taking elderly relative's income re...

Judged:

2

1

1

The Big Bopper wrote:

We seem to be seeing more of this... relatives taking advantage of the elderly and their money.

Judged:

1

1

Fed up with bailing out wrote:

<quoted text>
Might well be caused by people feeling so taxed-to-death they're beginning to feel entitled to get money any way they can and it's going to get worse. In their eyes I'm sure it was a case of taking advantage of the government. I doubt they considered it taking advantage of the elderly relative at all. You can bet the government took advantage of this woman's estate via estate taxes. Government at it's best stealing money that has already been taxed by them. You can't even have what is left over after being taxed-to-death.

Dang Welfare Cheats wrote:

Throw the book at them. What? They're white? Oh, never mind.
As for the so-called "death tax": The inheritance tax for 2009 is ZERO, and as of 2010 the first $1 million of an inheritance is not taxed.

Fed up with bailing out wrote:

<quoted text>
Might well be caused by people feeling so taxed-to-death they're beginning to feel entitled to get money any way they can and it's going to get worse. In their eyes I'm sure it was a case of taking advantage of the government. I doubt they considered it taking advantage of the elderly relative at all. You can bet the government took advantage of this woman's estate via estate taxes. Government at it's best stealing money that has already been taxed by them. You can't even have what is left over after being taxed-to-death.

to hard wrote:

<quoted text>
Is that so, where do I find that information?

Dang Welfare Cheats wrote:

<quoted text>
Sorry, I misquoted the current law. For 2009, the first $3,500,000 is exempt from federal inheritence tax. For 2010, the federal inheritence tax is zero. For 2011 and beyond, the first $1,000,000 is exempt from federal inheritence taxes.
http://wills.about.com/od/understandingestate...

Pim wrote:

<quoted text>
If someone is on Medical Assistance - they have no estate - it has all been spent already on her care, which is the only way to qualify for Medical Assistance.