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Politics : Politics for Pros- moderated

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To: michael97123 who wrote (109356)	4/15/2005 3:38:13 PM
From: KLP	Read Replies (2) of 793793

michael, do you know if the very wealthy people, who put their money to be protected into Foundations, and Trusts, are making their own money exempt from Estate Taxes? Are foundations and trusts taxed??? Why should people who finally, after hard work, and sacrifice, the very same people who made more money and didn't qualify for any type of government benefits, or scholarships for their children....have to pay the government up to 48% of their savings upon their death? People who might have a net worth of $5-10 million fall in a much different catagory than those who are worth....let's say Warren Buffett, or William Gates Sr, or George Soros, etc who are worth a few (or more) BILLION.... Why don't those folks who are worth BILLIONS just give their excess BILLIONS to the Government if they are so pro Estate Taxes...

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