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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (99868)1/12/2008 7:43:36 AM
From: Dan3Read Replies (2) of 306849
 
Re: Family owns a business and father dies.

You're confused.

If the family owned the business, it means it had been incorporated or set up as a partnership, with ownership spread across family members, and the death of the father would have had little or no effect.

Note also that if we're talking about a small business, the "deductible" on the inheritance tax would nearly or completely eliminate that tax.

Certainly there would be a very, very, very, small number of cases where this wouldn't be the case.

But the current situation, where hundreds of millions, or billions, of dollars are diverted to the spawn of swindlers like Mozillo, making them leaders in our society, is worse than communism, where at least there was attempt at a selection process for the heads of commissariats.
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