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

To: Ish who wrote (119139)	12/23/2000 6:04:21 AM
From: JDN	Read Replies (1) \| Respond to of 769670

Dear Ish: good gawd, you dont suppose the buyout ended at 300k do you? This too was a family type of thing started in the 40's. My sister in laws father set up this business for his son to come back too after WWII. But, he was killed during the war so it just sort of stayed in the family. Then when my sister in law married my brother, my brother was interested and had some skills in that area so the father was going to give it to them as a wedding present HOWEVER, the Father DIED SUDDENLY of a heart attack the WEEKEND they got married. Thus, nothing was properly set up to limit estate tax and they got taken to the woodshed by the IRS. Plumbing business, while not really profitable had a HUGE inventory as it serviced Companies not individuals. Anyhow, just another example of the tax code ripping off people unprepared YET look at MELLONS, KENNEDYS, ETC ETC and those people pay next to NOTHING. Very unfair. JDN