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Posted by David McCall on 08/15/06 17:07
"jakdedert" <jakdedert@bellsouth.net> wrote in message
news:gMmEg.15153$0k4.9615@bignews1.bellsouth.net...
> David McCall wrote:
>> You keep talking about Bush giving tax breaks to the rich. I assume you
>> are
>> talking about the tax known as the death tax or the estate tax. This is
>> also
>> known as double taxation. Taxes have already been paid on that money, but
>> some think taxing your money once isn't enough, it needs to be taxed
>> again
>> when you die. Most people are exempt from this tax completely because
>> they don't own businesses or have substantial savings or investments.
>>
>> This tax is not just aimed at executives of big corporations, but also at
>> the
>> family that owns the mom and pop store on the corner. It is also aimed at
>> the family that own a modest farm keeping that farm from being passed
>> down.
>> The theory is that dead people aren't around to complain so they make a
>> good
>> tax target. Unfortunately it isn't the dead person that suffers (his
>> suffering is over)
>> it is the rest of the family that has to sell the family business for
>> pennies on the
>> dollar to pay the taxes on their parents death.
>>
>> David
> BS...this tax is aimed squarely at the .5% of the population which is
> subject to it...and they're not 'Mom & Pop' stores, or 'modest' farmers.
>
> Keep drinking the kool-aid. Eventually you won't feel a thing....
>
I'm a member of a family that will likely have to dissolve the business
to cover the taxes when the time comes, and I'm surely not in the top
..5%, but it will eventually affect me. I'm happy for you for not having
enough assets in your family to have to deal with it.
Enjoy your Kool-Aid :-)
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