why is there no death tax in 2010?

Answer 1

The correct answer is that Bush convinced Congress to repeal this tax, but Congress included provisions saying (1) it would gradually decrease instead of being repealed all at once and (2) the two major tax cutting bills passed during the Bush adminstration expire at the end of 2010 (unless renewed by future legislation), returning all affected taxes to their earlier levels. Therefore, (1) there is not this tax because Congress voted to repeal it, (2) there is this tax in 2008 and 2009 because the repeal is not yet fully in effect, (3) there is this tax after 2010, because the repeal will have expired.

The joke answer is that the law was written to cause enough persons to commit suicide in 2010 (for the tax advantages) so that the suicide rate increases enough that year for it to look like the election of the person who becomes President in 2009 caused the suicides, and to allow that person's political enemies to point out that the suicide rate was lower when G.W. Bush was President.

Answer 2

It's the law. If you're planning on dying, 2010 would be a good year. In 2011, it all comes back at the 1995 levels, i.e. $1,000,000 exclusion and all.

If this isn't a classic example of political bull droppings, I don't know what is.

Answer 3

If it is really important to you, make sure you die in 2010 because it comes back in 2011.

Answer 4

Because republicans were in control.

Answer 5

they know your loved ones not able to pay for you.