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

To: JDN who wrote (119183)12/23/2000 9:49:30 AM
From: Ish  Respond to of 769670
 
<<good gawd, you dont suppose the buyout ended at 300k do you? >>

It sure did. The families were friends but $9.7 million is $9.7 million.

<<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. >>

Makes it tough taking over a business when you have to mortgage the inventory.


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