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Politics : Formerly About Advanced Micro Devices
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To: Brumar89 who wrote (379558)4/21/2008 5:14:01 PM
From: combjelly  Read Replies (1) of 1575173
 
"Nope, so the percentage of estates over the limit keeps growing."

Brumar, have you ever actually tried learning facts before forming an opinion? It doesn't seem like it.

In the mid-1970s, the exemption was at $350k for a couple and the percentage of estates affected was 2.8%. Now it is at $4 million and the percentage affected is 0.27%. So your argument has some serious holes in it.

Like being a total fabrication.

Here is a hint, Brumar. When you go to a site and it calls the estate tax a "death tax", they almost always present out-dated information, and that is only when the "information" isn't totally fabricated.

The Walton's heirs have been spreading money around to kill the estate taxes for a while. They have paid a lot of money to present the propaganda about this issue. And a lot of it is distorted so that it is difficult to form an informed opinion.

We have a lot more things to worry about than tax breaks for multi-gazilionaires.

"The $4M level is also pretty low. Low enough to catch lots of small family businesses on the way to becoming medium sized businesses. "

Brumar, get informed on the issue. There are all kinds of breaks that keep family businesses and family farms from being affected by this. Why do you think it applies to only 0.27%?

At least try to make an argument based on the actual facts.
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