"Walt" wrote in message
...
Maxprop wrote:

It is taxed exorbitantly, typically at around 50%.

Not quite. Currently it is taxed at a maximum rate of 45%, with the first
$2 Million exempt from the tax.

Make me a liar for 5%??

And it will be ZERO in a couple of years. Do you think zero is an
appropriate rate?

I do. Before someone discovered that inheritance was a nice cash cow for
the horribly-managed federal coffers, it was passed on from family member to
family member without notice.

The concept that money *must* be taxed every time it changes hands is
repugnant to me. It would be a far more palatable concept if it were
managed in a halfway responsible manner by the government. Recently I
watched Air Force One fly overhead, carrying W to a political rally here. I
could see the plane while it covered roughly five miles. Based upon the
per-mile expenditure to fly that airplane, I calculated that it had expended
half my annual tax contribution during the period I viewed it. All for a
partisan political trip to stump for a local GOP congressman. Sheesh.


And it affects the
not-so-rich (struggling small businesses, etc.) as well as the "idle
rich."


The struggling family business or family farm that is adversely affected
by due to the estate tax is largely an urban legend.

Mind telling that to the farmers in this area who've been forced to sell
their family farms rather than pass them on to heirs, because the heirs
cannot afford the tax?

See http://www.factcheck.org/article328.html

Yeah. I just love consulting left-wing websites for my "facts."

Max