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Posted by jakdedert on 08/15/06 19:30
David McCall wrote:
> "jakdedert" <jakdedert@bellsouth.net> wrote in message
> news:21oEg.15166$0k4.6876@bignews1.bellsouth.net...
>> Perhaps you're one of the top 1% of the population who owns over a third
>> of the assets. If so, I can see why you're upset. Maybe you're one of
>> the 18 megarich (collectively worth over $185 billion) who have funded
>> this latest assault on the estate tax...or perhaps you're worried that you
>> won't get enough of Daddy's money when he dies.
>>
>> Tough. Go to work....
>>
>> jak
>>
> Unfortunately it isn't going to affect me much one way or the other,
> I too far removed. BTW, Daddy has been dead for a long time.
> Perhaps they do have a planner and will be able to find a way
> to keep the business.
>
> I still think it sux to tax money that has already been taxed substantially.
>
I thought you said that you were personally affected. The double/triple
tax thing is pretty erroneous as well. Over half the money actually
residing in taxable estates is capitol gains...ie money that has been
slowly accumulating and appreciating, tax free, up to the time of death.
People don't generally accumulate that kind of wealth working at an
hourly wage. A wise man once told me that 'You'll never get rich
trading time for money.'
> David
>
>
>
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