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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Demosthenes who wrote (42514)	2/22/2001 2:58:41 PM
From: daryll40	Respond to of 70976

We agree then...I'd set the exemption amount at somewhere between $2M and $5M per person. It also would pretty much eliminate the recordkeeping requirements that the "small rich" now have to keep with regard to gifts. "Small rich" get screwed now because they have to endure the costs of life insurance trusts, etc to deal with the estate taxes. The big rich can do these things too but get a better economy of scale. ANyway, we agree...the small rich shouldn't be caught in a web originally designed to prevent a concentration of wealth of the truly wealthy. Daryll40