Monday, August 27, 2012

Dragons

I love how people use the on-ramp to I-16 as an opportunity to go 45 mph.
It just makes my day.

How about walking in heels downhill is REALLY difficult?

I figured out that it was the compounding angles.
This is also what makes walking up stairs in heels so easy.
Geometry, ftw.

But I'm walking at like a 75 degree slope here:



This was one of the two times in my life that I have ever needed a protractor.
The other time was in 5th grade.

On a completely irrelevant note, I came home the other day, and found this:





And then I pulled out my sewing basket to find a button and sew, and this is what happened:


TROLL KITTY.



Most people are familiar with the story/parable of the lost son. It's an amazing metaphor about God's incredible love for us. I would, however, like to analyze in jest a small detail of this story:

Luke 15:11-12
Jesus continued: "There was a man who had two sons. The younger one said to his father, 'Father, give me my share of the estate.' So he divided his property between them."

Alas, it seems atrocious for the son to ask for his portion of the estate before his father's death.
However, if Biblical tax rates were anything like our federal rates, this is an example of GREAT TAX PLANNING.

I read an article on the toilet recently about estate planning and how there's no guarantee that Congress will keep the low transfer rates in the future. Gifts now are still subject to the annual exclusion of $13,000 ($26,000 if you're married and make an election).

Please stop snoring. It's uncalled for and unprofessional.
Well, it may be called for, so I guess I better get to the point.

The point: Because of the current tax rates for gift & transfer taxes, it is cheaper for affluent taxpayers to take advantage of the annual exclusion NOW and slowly give their crap away before they die rather than to keep it all up in their estate and have it potentially be subject to a massive tax liability when they die.

So, in theory, the son was actually reducing his father's estate tax liability by requesting his portion early (not to mention, he was also supporting the local economy of the "distant country" by spending everything he had).

Of course, one could argue that the father wouldn't care what his estate tax is because he's dead when he's taxed on it, and it really just reduces what gets to go to the heirs.
Fair point.
But if it's all going to his sons anyway, would it not be better to maximize the wealth for the family?

Sometimes good's better than bad,
TWS

4 comments:

  1. I'm so relieved that you still read on the toity. I do too. But never mind.

    KITTY! I like Sam-face. I'm a fan.

    I've always found it amusing the people worry about taxes on estates and giving their shiz away after they die and stuff. After all, if I'm about to die, the last thing I'm worried about is how gets my cookie jar or pin cushions, and whether or not they get taxed for it. I just don't get that.

    Is walking down hills easier than opening car doors?

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  2. Haha- you said 'relieved' when talking about the toilet. LIKE.

    And you really don't care about who inherits your cookie jar and pin cushions? I think you'll change your mind. As far as taxes go, you'd have to leave behind over $5 million for it to even matter.

    And opening car doors isn't hard no matter what shoe is being warn. You've always been bad at doors, though, so your concern doesn't surprise me.

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  3. Your cat is hilarious! Actually, this is completely relevant - Fluff is like the prodigal son...she's back!

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