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Politics : PRESIDENT GEORGE W. BUSH

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To: Oral Roberts who wrote (48428)10/18/2000 12:58:46 PM
From: donjuan_demarco  Read Replies (3) of 769670
 
Not even close!!!

"Gee husband and wife works together to build up a farm, wife dies. Government comes in and hands a large tax bill to the hubby (who I might add already paid tax on everything he owns once) and you end up with a sale to pay the government tax bill."

If one spouse leaves everything to the surviving spouse, there can NEVER be any estate tax due, not even a penny!!! There is an unlimited marital deduction, regardless of the size of the estate.

Do some research next time.
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