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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: djia101362 who wrote (15073)	7/17/2000 10:13:48 AM
From: Karin	Respond to of 15132

Great,djia! A lot of people will forget to include their home value, when figuring out their net-worth.

To: djia101362 who wrote (15073)	7/17/2000 11:02:23 AM
From: Jon Stept	Respond to of 15132

djia- Thank you for the example... Hi djia, Thank you for the example. It confirms my understanding of the estate tax. I think that inheritance is a special type of income. It kind of makes sense in that the result of the income is not a matter of work or ingenuity... it is the result of a birthright, luck, a gift. And in a democracy, that is not as valuable as work itself (wages). Royalty, birthright and luck conflict with democratic principles. Maybe that is the reason it is so high. Some of your comments suggest there are ways around this high tax, and I think you are right. If the inheritance is converted into a jointly owned business or even a trust, it would no longer be treated as an inheritance. A family business that is jointly owned fits better in the democratic model, no? My opinion, and curious to hear what you think. Jon :)