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Politics : PRESIDENT GEORGE W. BUSH

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To: DuckTapeSunroof who wrote (699613)9/4/2005 3:19:34 PM
From: Peter Dierks  Read Replies (2) of 769670
 
"Yhr Death Tax has taken millions of family farms. It has caused the premature sale of perhaps millions of family corporations."

many economists and special interest political organizations have sifted the data to try and quantify claims

It will never be easily quantifiable. Many of the BRK real estate purchases have been from aging scions. Some sell because they believe their kids cannot run the business. More sell because of tax planning. When a privately held company is sold, the reasons for it are seldom published, and of those that are, the real reasons are often not published.

I have seen the sale of many family businesses for estate purposes. I have witnessed the sale of many family farms for estate purposes. Considering that the largest employment growth rate always seems to come from entrepreneurs, it would be reasonable to expect a tax structure designed to promote growth, not one designed to punish the growth sector.

"it's also true that a fair tax code (uncomplicated by special interest loopholes..."

Yes. A simple flat tax, with three lines (two to fill out) would be best.
How much did you earn from all sources"
Tax Rate = X%
Amount due:
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