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


To: Proud_Infidel who wrote (42524)2/22/2001 4:30:20 PM
From: BWAC  Read Replies (1) | Respond to of 70976
 
Exactly.

"If Buffet, Soros, Gates et al. want to keep paying their share of the inheritance taxes, that is fine. However, they unfortunately do not speak of the small businss owner or the farmer who may have to have his business sold to pay the nefarious death taxes.
Personally, I believe there should be no death tax until a number like 10 Million or so is breached. This would preclude the necessity of selling off assets for many small farm and business owners to pay the tax.

But I for one, do not believe the group(Buffet et al) thought this through well enough since most of the people who suffer from this tax do not have Billions or even tens of millions. They are simply people who worked hard their whole lives only to be told they must be double taxed at death, as if death were a taxable event!"