SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Politics for Pros- moderated
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: LindyBill who wrote (168878)6/7/2006 5:57:09 AM
From: JDN   of 793784
 
Critics say the estate tax as it is now reduces some of the nation's economic inequality, and they insist that its repeal would benefit the very wealthiest families at a time when the government is running large budget deficits.

As a former practicing CPA I say that is a PILE OF BUNK. Why not let the critics explain why when Estate tax was basically CONFISCATORY in nature (rates over 70%) the MELLONS, KENNEDYS, ROCKEFELLERS, etc etc etc. amassed HUGE ESTATES which exist TO THIS DAY. The ONLY people hurt by estate taxes are the MILDLY RICH. They dont have big enough estates to afford to set up the trusts, offshore entities etc necessary to set up and administer. I could accept a plan where the first 5 million was exempt (indexed for inflation of course) and a graduated tax thereafter, but if you want such a plan to REALLY effect the RICH then you must OUTLAW the entities that can escape, no matter the size. I'd like to see the KENNEDY's respond to THAT. jdn
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News