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Politics : Politics for Pros- moderated
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To: KLP who wrote (109493)4/15/2005 3:55:54 PM
From: michael97123  Read Replies (2) of 793808
 
"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?"

Same reason we all pay taxes during our lives. NYTimes editorial that i posted earlier gave many good points. BTW there is a big exemption that is scheduled to expire back to pre law rates. If we can keep the exemption at that level, the tax kicks in above that level at a lower rate than 48%. Right now average take is 18% according to the times.
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