tag:blogger.com,1999:blog-8826939.post4837643871151299178..comments2024-01-13T00:27:20.813-08:00Comments on Mayor Sam's Sister City - Home of Los Angeles Politics: Estate Tax Threatens American Families, CommunitiesMayor Samhttp://www.blogger.com/profile/16280670018437708708noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-8826939.post-81893536770411658372010-10-12T17:32:23.353-07:002010-10-12T17:32:23.353-07:00Michael:
That's an impressive high road appro...Michael:<br /><br />That's an impressive high road approach that I appreciate, but aren't blogs such as this measured by how many hits they have, even if half of them are naming calling?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8826939.post-16570211881946602332010-10-12T16:59:45.705-07:002010-10-12T16:59:45.705-07:00Michael,
There's no shame in not approving a...Michael, <br /><br />There's no shame in not approving all the comments from the same person about how you run the blog and all the stuff about that. There's enough issue oriented dialogue here, today. 10 issue comments are better than 20 with 10 of them about the blog. Don't approve them. You know it's all the same person. No one else cares that much about the hoopla surround these blogs. People come to this blog and care about it for it's content.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8826939.post-22587303561698475382010-10-12T15:59:06.319-07:002010-10-12T15:59:06.319-07:00Why is Higby letting Petra Fried post here? Isn...Why is Higby letting Petra Fried post here? Isn't that her blog slamming him and calling him white trash?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8826939.post-38643110666459778312010-10-12T15:53:44.510-07:002010-10-12T15:53:44.510-07:00Higby,
Tell me what jobs Paris Hilton has created...Higby,<br /><br />Tell me what jobs Paris Hilton has created.<br /><br />Besides for paparazzi.<br /><br />Some of us do not want America to be ruled by a plutocracy. Get it?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8826939.post-21426119853250455192010-10-12T14:12:20.738-07:002010-10-12T14:12:20.738-07:00I meant Living Trust, and it doesn't help much...I meant Living Trust, and it doesn't help much with taxes:<br /><br />"In the United States, a living trust refers to a trust that may be revocable by the trust creator or settlor (known by the IRS as the Grantor). Living trusts are often used because they may allow assets to be passed to heirs without going through the process of probate. Avoiding probate will normally save substantial costs (the probate courts, in some states, charge a fee based on a percentage net worth of the deceased), time, and maintain privacy (the probate records are available to the public, while distribution through a trust is private). Both living trusts and wills can also be used to plan for unforeseen circumstances such as incapacity or disability, by giving discretionary powers to the trustee or executor of the will.<br /><br />The grantor/settlor may also serve as a trustee or co-trustee. In the case where two or more co-trustees serve, the trust instrument may provide that either trustee may act alone on behalf of the trust or require both co-trustees to act/sign. The trust instrument may also provide that the other co-trustee shall act as sole trustee if the grantor becomes incompetent and is unable to continue administering the trust.<br /><br />There are also some negative aspects to a living trust in the United States. Beneficiaries do not save on federal estate or state inheritance taxes. Setting up a trust may be expensive, and the expense is immediate, not delayed till after the grantor's death. The legal drafting of the trust instrument, which creates the trust, usually costs much more than the legal drafting of a will. Trust administration can be more expensive than the administration of a will in the long run, as most state laws allow a fee of 1% of the estate's gross assets to be paid to the trustee for every year the trust is in existence. The fees for probate estate administration under a will are usually from 1% of the gross estate (for very large estates) to 4% of the gross estate (for very small estates), but this is a one-time fee, not yearly. The same one-time fees apply when a person dies without a will or a trust (dies Intestate): State laws require that an intestate probate be opened at the local courthouse, that the decedent's closest relatives be identified, located and notified, and that the decedent's real and personal property be collected, accounted, and distributed to said relatives...."Petra Fried in the Cityhttps://www.blogger.com/profile/06413412014245045499noreply@blogger.comtag:blogger.com,1999:blog-8826939.post-50545713925078409602010-10-12T13:53:47.028-07:002010-10-12T13:53:47.028-07:00Both Warren Buffett and Bill Gates support the est...Both Warren Buffett and Bill Gates support the estate tax. They acknowledge the importance of the super rich in paying a hefty death tax to provide equity to the people.<br /><br />The real problem is the alternative minimum tax applying to people who are decidedly middle class.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8826939.post-90170953274582958632010-10-12T13:36:10.896-07:002010-10-12T13:36:10.896-07:00FYI we're currently experiencing a furry meltd...FYI we're currently experiencing a furry meltdown. Please fasten your seatbelts.Michael Higbyhttps://www.blogger.com/profile/03229225335109401795noreply@blogger.comtag:blogger.com,1999:blog-8826939.post-14932576919054003382010-10-12T13:19:55.338-07:002010-10-12T13:19:55.338-07:00And those are the people who create the jobs.
Not...And those are the people who create the jobs.<br /><br />Nothing wrong with being rich you state sponsored capitalist.Michael Higbyhttps://www.blogger.com/profile/03229225335109401795noreply@blogger.comtag:blogger.com,1999:blog-8826939.post-35016967179494442522010-10-12T12:49:34.059-07:002010-10-12T12:49:34.059-07:00What a shrieking pantload.
85% of America's w...What a shrieking pantload.<br /><br />85% of America's wealth is held by the 20% wealthiest Americans.<br /><br />40% of Americans have NO wealth. Zero. No part of the wealth of America. Held by two of five Americans. They got bubkis. Nadda. Zip.<br /><br />The rich are doing just fine. Unless you think that Paris Hilton is suffering.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8826939.post-350254431064636412010-10-12T12:35:53.468-07:002010-10-12T12:35:53.468-07:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8826939.post-91244422613072920592010-10-12T12:24:21.904-07:002010-10-12T12:24:21.904-07:00I hate to tell you this Higby, but while you'r...I hate to tell you this Higby, but while you're busy playing hall monitor, the blog that you're so jealous about posted a story about a publicity stunt that a band did on the 101 today, resulting in the arrest of the entire band.<br /><br />See, when you sow bad seeds, you reap the misfortune of the regular, interesting stories that MS USED TO cover!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8826939.post-63877923266366484472010-10-12T12:17:43.701-07:002010-10-12T12:17:43.701-07:00Oh, so now Higby won't allow names, which have...Oh, so now Higby won't allow names, which have been his bread and butter since the get go?<br /><br />This should work out interestingly. I give it three posts before the names are flying again, but Higby won't make it apply to everyone.<br /><br />Read my lips!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8826939.post-4454219463206756292010-10-12T12:05:19.133-07:002010-10-12T12:05:19.133-07:00REALLY MAYOR SAM?REALLY MAYOR SAM?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8826939.post-34449568945348535552010-10-12T12:03:07.017-07:002010-10-12T12:03:07.017-07:00Phil Jennerjahn called me a "freedom hating l...Phil Jennerjahn called me a "freedom hating liberal!"<br /><br />Waaaaaaaaaaah, delete the comment!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8826939.post-88374541567466211702010-10-12T12:01:32.859-07:002010-10-12T12:01:32.859-07:00Doesn't the "living will" bypass mos...Doesn't the "living will" bypass most estate taxes? As well as the ability to challenge the will?<br /><br />Someone who knows more, please chime in.Petra Fried in the Cityhttps://www.blogger.com/profile/06413412014245045499noreply@blogger.comtag:blogger.com,1999:blog-8826939.post-65541450353861629572010-10-12T11:54:45.343-07:002010-10-12T11:54:45.343-07:00Uh oh, Michael!
Someone called LeBonge "stup...Uh oh, Michael!<br /><br />Someone called LeBonge "stupid" and another called him "LeBong."<br /><br />Go jump in and spoil the fun.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8826939.post-74208172105060277522010-10-12T11:37:39.314-07:002010-10-12T11:37:39.314-07:00Ooops 1119 didn't catch your calling Joe and R...Ooops 1119 didn't catch your calling Joe and Red a name so I'm deleting you but its a good point. All MS bloggers should use jump break.Michael Higbyhttps://www.blogger.com/profile/03229225335109401795noreply@blogger.comtag:blogger.com,1999:blog-8826939.post-29176970886141840802010-10-12T11:09:18.803-07:002010-10-12T11:09:18.803-07:00Maybe 11:06 but this goes back farther than Obama....Maybe 11:06 but this goes back farther than Obama. I believe both Clinton and Bush worked to reform death taxes but the Congress loves them.Michael Higbyhttps://www.blogger.com/profile/03229225335109401795noreply@blogger.comtag:blogger.com,1999:blog-8826939.post-42042209555221137292010-10-12T11:06:52.441-07:002010-10-12T11:06:52.441-07:00Now it's working. :)Now it's working. :)Michael Higbyhttps://www.blogger.com/profile/03229225335109401795noreply@blogger.comtag:blogger.com,1999:blog-8826939.post-88641300020723878222010-10-12T11:06:47.635-07:002010-10-12T11:06:47.635-07:00That's Obama taxing the working citizens of th...That's Obama taxing the working citizens of the United States of America and redistributing to the welfare recipients of America.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8826939.post-5349222783578584382010-10-12T11:06:32.382-07:002010-10-12T11:06:32.382-07:00Jump Break appears not to be working at this momen...Jump Break appears not to be working at this moment. I apologize for the inconvenience.Michael Higbyhttps://www.blogger.com/profile/03229225335109401795noreply@blogger.comtag:blogger.com,1999:blog-8826939.post-7670335635066955112010-10-12T11:06:23.943-07:002010-10-12T11:06:23.943-07:00On Tuesday, October 12, 2010 Los Angeles Council P...On Tuesday, October 12, 2010 Los Angeles Council President Garcetti had to CANCEL the scheduled meeting due to Awaiting A Quorum again because Council members TONY CARDENAS, JANICE HAHN, and BILL ROSENDAHL did not bother to be in their seats at 10:00 a.m., as MANDATED BY THEIR OWN COUNCIL RULES.Anonymousnoreply@blogger.com