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Thursday, June 13, 2002 |
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News: Strange undersea noise may be moans of a deep sea monster?: http://www.cnn.com/2002/TECH/science/06/13/bloop/index.html Comment: Noises were picked up by Navy surveillance system. Frequency of the sound indicates it is biological, but much louder than the noises produced by the largest whales. Pretty creepy. Speculation is that it could be a giant squid...kind of like "Squidy" on The Simpsons. News: That wail of anguish you hear is small business owners bemoaning the U.S. Senate failing to approve a permanent end to the federal death tax: http://www.washingtonpost.com/wp-dyn/articles/A41393-2002Jun12.html Comment: This is nuts. Current law says that unless Congress acts, the death tax will be eliminated in 2010, but then...and this is the crazy part...be reinstated the following year, with a top rate of 55 percent and an exemption for assets of up to $1 million. I was disappointed but not surprised to read that Michigan's U.S. Senators Stabenow and Levin both voted against a permanent end to the death tax. Sure, most small business owners' heirs don't have to pay the death tax, but only because the small business owners spent thousands and thousands of dollars on "estate planning" to avoid the tax. Ask any CPA! There's an old saying that "nothing is certain except death and taxes." I guess our senators want to make sure that remains a part of the tax code. Click here to see current comments and add your own. 2:08:40 PM 
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