Posted by Bill on 08/15/06 20:56

You should research this issue a bit more David-- the legislation
proposed by the Republicans only benefits a very, very, very small
number of very, very rich people. And we all pay double or even triple
taxation-- we are taxed on income, then taxed again on purchases, then
taxed again on property-- the idea that only estate taxes are a form of
"double taxation" is a myth.

But the main point-- you really should check the actual legislation.
The Republicans are trying hard to make it sound like it will benefit
those small business owners and farmers-- that is pure nonsense and they
know it. Integrity and honesty? It will only benefit the very, very
rich, but it's impact on the deficit will, like his other tax cuts, be huge.

We all love tax cuts. So then we'll vote against the $20,000 per
household war next time, right? And none of us would have the sheer
audacity of saying, "Hell, we'll make our children pay for it!" Would we?


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
>
>

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