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To: jttmab who wrote (14263)6/6/2002 11:11:38 AM
From: The Philosopher  Read Replies (1) | Respond to of 21057
 
That assumes that the government has an inherent right to tax any gain in value when it chooses to, and it just chooses to at death. But why at death? Why not tax the increase in value of real estate, stocks, etc. annually? The answer, I believe, is that the living wouldn't stand for it, while the dead have no choice but to lie with it.



To: jttmab who wrote (14263)6/6/2002 12:21:29 PM
From: Lazarus_Long  Read Replies (1) | Respond to of 21057
 
Alternatively, wealth is almost always accumulated by tax deferred mechanisms.
ROTFLMAO!!!! So there were no wealthy people in the US before 1913??????



To: jttmab who wrote (14263)6/6/2002 4:16:29 PM
From: TimF  Read Replies (1) | Respond to of 21057
 
Only a miniscule portion of Bill Gates' or Warren Buffet's
accumulated wealth has been ever been taxed.


Because no profit has been realized on most of that accumulated wealth. My house went up from about $113k to about $160k should. I pay more in property taxes then I did before but should I also pay taxes on the $40k+ of new accumulated wealth"?

Tim