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Politics : PRESIDENT GEORGE W. BUSH
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To: lawdog who wrote (50067)10/20/2000 8:50:19 PM
From: gao seng  Read Replies (1) of 769667
 
Some of the capital gains income that escapes taxation under the income tax may be taxed under the estate tax. The appreciated value of the asset is included in the estate and, if the estate is large enough, subject to taxation.

The asset is double taxed, the estate tax and then the inheritance tax. That is the problem.

The estate tax is called a voluntary tax by lawyers. They say you can pay the tax or you can pay the them.
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