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Politics : PRESIDENT GEORGE W. BUSH
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To: lawdog who wrote (49934)10/20/2000 5:46:13 PM
From: Ish  Read Replies (2) of 769667
 
<<In that last debate, Dubya claimed that the Estate tax is unfair because it double taxes the rich. Well, he was lying. Most wealthy people make far more money each year from capital appreciation of real estate, stocks, bonds, or any other investment than they make in actual income. >>

And in many of the estates, capital assets are sold and the monies divided. The estate pays income tax just as if the person is still living. Then pays the death tax. Double taxation. Really big money puts all the assets in living trusts and pay no taxes.
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