what i tking about additional payroll tax for those making more than $250,000, a taxable taxing and spending, and how much health care you can write off every year, and people don't know how much it will hurt them and the broad economy. >> that's right, they haven't en it taken out of their paychecks yet. this is what fox viewers want to know what's going to impact them on day one and you're talking about the hospital with the medical bill that we're talking about, that's the real money that's going to be taken out of your paycheck. your n amount is going to be less and has nothing do with what's taking place with the fiscal cli negotiations, it's all set in law. so, we all have to expect to have less money the start of the year. >> charles, this raises the issue-- >> i want to go to charles, th raises the issue of how much can thisountry a this ecomy bear? because it then said, tax increasesre the new way of life for us and you see what's going on in washington to avoid the tax increases, these are built in this. i don't believe that everybody understands what the overall impact wil be. >>

gerri: we were tking in the break about some of the things go wrong or awry with charities.ave to be careful in choosing one. telemarketing firms are a big issue. what is going on? >> there are a number of investigations and congress is thinking of getting involved as well. apparently telemarketers are gouging more and more money out of a lot of charitable donations and a lot of relatively large charities are getting involved. what it means for a donor, 50 cents of your dollar, 90 cents your dollar, in some cases 100% of your dollar is going to the telemarketers of your cause. gerri: you say no strings attached what does thatt3 mean? >> once you trust, you come to organizations like ours, don't hamstring them and say just use the money for this purpose because your dollars are precious and emergency and crisis you give them the exibility to make the judgment on the ground it can be incredibl powerful and helpful. gerri: find the perfect fit. you do want to find a charity out there doing something you're interested in andonnected to, right? >> yes. sometimes a charity will ha

[tking over each other] so they're going to buy this and hold it for 10 years. >> when you going to doyou can get your state in the hamptons? >> l's remember, at your old studio -- nobody told me where to go. usually people here tell me where to go all the time. >> i think it is $250,000 of profit on your home sale is utterly and entirely tax-free. so this is a problem for the multimillion dollar homes and. >> are you ever going to find a place in hamptons? >> no. the biggest thing is that warn buffett is just wrong. and he lied or he did nobody was talking about when he said in "the new york times" if you have a good investment decision, you are not going to make it regarding any change in ta policy. we are seeing one of the biggest intergenerational transfers of wealth. wealth managers are built up with people trying to transfer millions to their kids before the taxes go up in the estate tax goes up. basically, we could be looking at a private stimulus package happening. >> you are talking about transferring 25 million-dollar houses from one rich person to another, right? >> you are