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Politics : Formerly About Advanced Micro Devices
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To: steve harris who wrote (159343)1/30/2003 4:17:34 PM
From: American Spirit  Read Replies (3) of 1583151
 
We're not talking about small farms, we're talking about huge estates. The case you offer is not whom the Bushies are seeking to protect. They are seeking to protect estates like the Bush family is amassing, those with 50 million and above. And as you may know the rich rarely pay any huge death tax. Why? Because they have already passed it along in trusts, etc., using tax lawyers to take advantage of every loophole in the system. Any small farmer who would lose his farm because of death should be protected under any plan. -- Let's take another example though. The 100,000 biggest family estates in America would pay over ten years (I'm totally guessing here) one trillion in estate taxes amongst them. Now the government no longer has this revenue. So where do we make up the shortfall? What trillion dollar programs get cut? Or do we sock it to the middle-class or put it on the national credit card? our choice, what would you do? And where would you cut one trillion bucks over ten years?
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