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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (700328)	9/7/2005 4:39:37 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769668

"Millions" of farms sold because of it, eh?????? LOL! The available evidence appears to indicate otherwise: As the good folks from OMB Watch point out, "An incredibly tiny number of family farms are actually impacted by the estate tax." A new report from the nonpartisan Congressional Budget Office found that "if the current exemption level of $1.5 million per individual ($3 million for a couple) were in effect in 2000, then only 300 family farms would have had to pay any estate taxes. The report further estimates the number of family farms impacted would have dropped to a mere 65 farms nationwide with an exemption of $3.5 million ($7 million per couple), the level the exemption will be in 2009." If you are going to cut taxes (which I am most definitely FOR!), then START WITH THE TAXES ON THE LIVING! "No taxes with respiration" (to re-use your preferred phrase). The 'Richie Rich' dead would be somewhat lower on my list... as they are hardly working, productive members of society anymore.