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


To: longnshort who wrote (362762)12/13/2007 9:30:01 PM
From: combjelly  Read Replies (1) | Respond to of 1576346
 
"No it isn't the families have to sell the business to pay the taxes."

Now how many times does that happen every year?

"I know many small business people that had to do that"

They should have had better accountants. There are a large number of provisions and exemptions in place to prevent that from happening.

In 2006, the wealthiest 0.27% of Americans are the only ones who pay estate taxes. In 2001, over half of all estate taxes were paid by 3,502 people with estates larger than $5 million — representing the top 0.14% of all Americans.

faireconomy.org