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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: SilentZ who wrote (229848)	4/19/2005 12:51:32 AM
From: Raymond Duray	Read Replies (1) \| Respond to of 1573573

Re: In fact, I'd bet that no more than a couple percent of the population does, In 2003, the last year we have published records on the estate tax, approximately 30,600 estate tax transactions occurred. This represents less than 1% of the deaths in America that year. Aside from the WMD lies and the whitewash over 9/11, the fact that millions of trailer trash Republicans who never would be liable for estate taxes are adamant about repealing them has to rank as one of the great propaganda triumphs of the GOP elite. You need no further proof that math is something that Republicans cannot do.

To: SilentZ who wrote (229848)	4/19/2005 1:05:23 AM
From: TimF	Read Replies (2) \| Respond to of 1573573

No one in my family has over 1 million in assets. In fact, I'd bet that no more than a couple percent of the population does I wouldn't be so sure with the rise of housing prices. Very few people have either $1 million a year in income or $1 million of liquid assets, but its not unusual anymore of a house to be at least .5mil. Sure the houses are often mortgaged but I wouldn't be surprised to see more than a couple of percent have a million dollars of assets all around. 5 years ago I made a $3500 down payment on my house, now I probably have something like $160k or more in equity, and my house isn't that large or in any way special. Then you add in retirement accounts and other wealth. If a million is still very rare now it won't be for many more years barring a collapse in the housing market. I'm not saying its common to have or to pass on that much money but $1mil in assets doesn't equal an extreme amount of wealth anymore. Tim