you own. the federal estate tax can be tricky for many small businesses. when an individual dies, what he or she leaves behind can be subject to significant taxation, even if it s primarily invested into a family business. if the entity doesn t have enough cash on hand, they are often forced to sell the business in order to raise enough money. as the real fear. it s faced by a significant portion of small business owners, when the owner actually passes away prematurely or if they don t plan for their estate if it isn t large enough, then the inheriter has to liquidate the assets. over time one of small businesses shut down, people are put out of work. currently the tax kicks in for an individual estate at $5 million at a rate of 35%. that is the result of a deal worked out between the white
consider was a highly fraudulent election in december of 2010, a win of 209 out of 220 parliamentary seats. and he basically is was as most people know, going to be the inheriter of hosni mubarak s franchise, right before the election in september. that hosni was going to step down anyway and was going to basically turn the reins over. so what we see essentially in the rent-a-thugs and in the resistance to change, the franchise where gamal mubarak is running he s received almost no attention in the u.s. press, because a lot of observers have said with everyone in the streets, hosni mubarak s son has no chance. this is an assertion by folks, but not analysis. let me ask you about the power vacuum. what happens if mubarak is persuaded to leave or if the army then has to come in, even if there s a coup of sorts. post-mubarak, what is the future of egypt? short-term and long-term? there are different scenarios. i think the scenario most people have been hoping for is that
get us up to date with what you re hearing. one of the most remarkable things that happened over the weekend was the readouts of the president and king abdullah. it was really quite striking. senior officials were saying the king s idea of what s happening in the streets is chaos. our idea is it s democracy. they re trying to straddle this fence. you can see what happened. jamie s absolutely correct. it took them a while to get there, but they have to send the signal the right signal, to saudi arabia, to jordan, that we are not abandoning our allies. and importantly, mubarak is not just the inheriter of what anwar sadat produced, which was the remarkable breakthrough and the peace agreement with israel. is he now the guarantee
can take the president s power and bring it across the cabinet and build power for this guy? to put in slightly different terms what chuck so neatly summarized, that is chicago written large. what s going to happen now is bill daley in the service of barack obama is going to try to turn the whole country in chicago. meaning that chicago is known as the city that works. and the democrats in chicago going back to bill daley s father, the original daley mayor of chicago, figured out a way to get the unions and the big banks and the business community and traditional progressive democrats from the north side and eventually the african-american community in on the deal. everybody was in on the deal. all the alder men knew what they were doing. and that s the way it s going to be organized. bill daley is the ultimate inheriter of the big city eye
and you know, but just never happened. i don t know, it just hasn t. we all love our nephews. we adore our nephews, thank god. larry: they re going to be the inheriter of all this? right now they re 4 and 7. so they may want to be the next larry king, you never know, right? larry: could be. could be. larry: but i mean, there s no one to leave it to, right? well absolutely. i want them to be healthy and happy. when you have children, that s the most important thing. larry: it s unbelievable. are you very close with your mother? oh, yes. larry: how old is she? she won t let us she s older. she looks great. larry: where does she live? she lives in l.a., right here. larry: you guess? no, i said she lives in l.a. larry: how about the story that you re self-proclaimed mama s boys. well, it s true. we love our mother. the normal larry: you re heterosexual,