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.
Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Karin who wrote (15067)7/16/2000 9:28:32 PM
From: Sam  Read Replies (1) of 15132
 
Karin,
Excuse me, but you do NOT pay 55% on everything over $650,000. The 55% rate does not kick until much higher amounts, much much higher, though I am not sure what that exact amount is. Furthermore, there are all sorts of ways to make that exemption larger, from life insurance to various sorts of trusts. There is also, of course, charity. Charitable institutions are immensely fearful of this move, as they believe that larger bequests will be sharply curtailed if there is no "encouragement" from estate tax laws. I am guessing that they are correct, but that isn't why I am in favor of the tax, albeit with a larger exemption.
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