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Politics : PRESIDENT GEORGE W. BUSH

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To: JDN who wrote (119135)12/22/2000 6:01:48 PM
From: Ish  Read Replies (1) of 769670
 
<<My brother and his wife inherited a plumbing company and stocks. they had to sell ALL the liquid assets to pay the inheritance tax to keep the company. >>

A friend's father went into the plumbing supply business in the 40s with a partner. In 1960 they drew up a but out in case of death for $300k. In 1988 they were having a new buy out drawn up in the amount of $10 million. Papers drawn up and the signing on Monday when my friend's father had a stroke on Friday and died.
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