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


To: i-node who wrote (575651)7/8/2010 11:29:38 AM
From: bentway  Respond to of 1570270
 
God bless the child that gets his own, vs Paris Hilton.



To: i-node who wrote (575651)7/17/2010 10:52:16 PM
From: combjelly  Read Replies (2) | Respond to of 1570270
 
"$3.5 Million for a lifetime accumulation of assets isn't much."

In what universe? It is quite a bit.

"but an estate larger than this is very typical for small business owners, professionals"

And there are many special rules to help these people out.

"persons who have inherited property (timberland, royalty interests, commercial property) with the death of their parents, etc."

This is a different situation. These would hardly be middle class.

"It is a horrible tax in every respect."

It is a useful tool to reduce the tendency for wealth to concentrate in fewer and fewer hands.