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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Karin who wrote (15059)	7/16/2000 3:13:13 PM
From: Jon Stept	Read Replies (2) of 15132

Karin, re:Estate tax... Hi Karin, I am interested in your logic surrounding the repeal of the Estate Tax. I don't understand why it should be repealed, as any tax should (like capital gains) unless it is done as a result of a tweaking of the system in general. For example, the Estate Tax is one of many taxes that is a form of an income tax. If I receive income, from whatever source, than that income (capital gains, wages, inheritance) is subject to taxes. It appears that a repeal of the Estate Tax would allow inheritance as a source of untaxed income, which inconsistent with the tax system which taxes all income. That is my opinion, and I look forward to hearing yours too! Jon :)

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