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Politics : View from the Center and Left

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To: TigerPaw who wrote (9955)	1/28/2006 1:03:55 AM
From: KLP	Read Replies (1) of 541367

TP...I'm assuming you are speaking of a company that the Government classifies as "small business." Unless the rules have been changed again, that means fewer than 500 employees. Larger companies generally have good benefits, including retirement options....but unless it's the Government that one works for, by in large, the pensions of our parents are gone. Companies can no longer afford to offer them, with all the other benefits, and time off that we have today. So, say you are talking about a company under 500 employees, small business. IF the estate tax after death is allowed to happen, what will happen to these employees after all? The heirs probably don't have the huge percentage of cash required hanging around for estate tax. So, they have to sell the company to raise the funds. Then what? The new owner/s most probably will vastly decrease the workforce for the old company. So who wins? The valid comparison is between a recently deceased with a functioning business and an equally hard working and successful recent corpse who worked within the corporate world. Both had equal contribution and success while alive, but one gets a much better deal upon their death.

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