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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Ish who wrote (37019)	9/15/2000 7:46:34 AM
From: donjuan_demarco	Respond to of 769670

"Most of the land around here goes for $3,000+. If it's close to town it can be assessed at up to $20,000 per acre as potential lots even though it's used as a farm." The Code allows the land to be valued based on use as farmland, even if it is prime development land. So, that $20,000 per acre land would be valued much lower for estate tax purposes. Also, any estate tax due would be payable over 10 years, with an after-tax interest charge of around 2.5%.

To: Ish who wrote (37019)	9/15/2000 9:28:34 AM
From: TigerPaw	Read Replies (2) \| Respond to of 769670

land around here goes for $3,000 So you are writing about individuals with $15 million in real estate alone, and you don't think that they should pay any taxes, considering that they would be unlikely to amass that fortune if they didn't live in this country with a favorable economic climate and freedom make investment decisions. That's how we wind up with generations born on third base who think they hit a triple. TP