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


To: KLP who wrote (109493)4/15/2005 3:55:54 PM
From: michael97123  Read Replies (2) | Respond to of 793790
 
"Why should people who finally, after hard work, and sacrifice, the very same people who made more money and didn't qualify for any type of government benefits, or scholarships for their children....have to pay the government up to 48% of their savings upon their death?"

Same reason we all pay taxes during our lives. NYTimes editorial that i posted earlier gave many good points. BTW there is a big exemption that is scheduled to expire back to pre law rates. If we can keep the exemption at that level, the tax kicks in above that level at a lower rate than 48%. Right now average take is 18% according to the times.



To: KLP who wrote (109493)4/15/2005 5:52:48 PM
From: KLP  Respond to of 793790
 
michael, you didn't address this part of my question....

People who might have a net worth of $5-10 million fall in a much different catagory than those who are worth....let's say Warren Buffett, or William Gates Sr, or George Soros, etc who are worth a few (or more) BILLION....

Why don't those folks who are worth BILLIONS just give their excess BILLIONS to the Government if they are so pro Estate Taxes...