URGENT Tax Payers are being ripped again. House of Representatives approved a bill today that would impose a retroactive death tax going back to the 1980s. House Bill 2075 would allow the state to retroactively collect the death tax from the estates of married couples who used a certain type of trust (known as a “qualified terminable interest property” or QTIP trust) to transfer assets from one spouse to the surviving spouse without paying the state estate tax. This measure would allow the state to reach back some 30 years to collect on a tax that didn’t exist in the 1980s. That is not only unconstitutional, it is WRONG! First, the money does not belong to the government. Second, it is against our state and federal constitutions to enact laws that would hold people accountable for something they never knew they would be accountable for. Democrats say they need this money – about $160 million – for education. However, the Senate Majority Coalition Caucus has passed a budget that contains an additional $1.5 billion for education without tax increases. If this retroactive death tax is signed into law, it would put Washington state squarely in the target of a massive lawsuit. As an attorney versed on our constitutional rights, I firmly believe the state would lose this suit. We would not only have to pay the entire amount, but also attorney fees and interest. Where is that money going to come from? Our children, our disabled and our future. This whole dilemma could be solved very simply by funding education with our first dollar, not our last dubious penny. And if we start this precedent, where will it end? Will the state be able to go back into your past and collect other taxes you didn’t owe? That’s why I’ve added House Bill 2075 to this week’s “Bad Bill List.” Read more about it below – and why the Legislature is talking about a death tax now. Also, please read further about the latest on the Legislature’s inability to come to an agreement on a state operating budget because Democrats want higher taxes. We need LOWER taxes, LESS government and MORE freedom. That’s what The Freedom Agenda is about. And that’s why I’m standing firm against the Democrats’ plan to hold kids hostage and force you to empty your wallet. I encourage you to stay in contact with me. You will see my contact information at the bottom of this e-mail. In freedom, Matt Shea, Representative, Washington Stated 4th District Thank you Matt
Posted on: Fri, 14 Jun 2013 18:04:44 +0000
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