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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (109200)	4/14/2005 12:18:47 PM
From: michael97123	Respond to of 793779

I am a low marginal rates guy myself. Color me Kudlow. And in a world with no coming tax, fica, or medicare reform, i have to pick and choose. Let Buffett pay and let me and especially my kids keep more is my motto. If i ever get that rich i probably will bitch too. Didnt know you had so much money, Bill? (g)

To: LindyBill who wrote (109200)	4/14/2005 12:19:47 PM
From: carranza2	Read Replies (3) \| Respond to of 793779

The bill has some nasty bits in it. After some large exemptions, the inheritors will have to pay for appreciation, instead of taking at present value. You're kidding me. Inheriting at a stepped up basis has been a cornerstone of tax policy for a long time. Do you know of a site where the details are set forth? I planned on croaking at 89 when my QCOM stock would be worth about $20,000 a share. I'd hate to give my son the tax bill on the capital gains. vbg