On Thu, 31 Mar 2005 18:39:35 -0500, jerry johnson
<[EMAIL PROTECTED]> wrote:
> "Lose farms". Loose women.

Yeah, my bad... 

> The difference is that my son is receiving the pile-o-cash and is
> therefore taxed.

Not a pile-o-cash, a pile-o-assets.  Might be all cash, but in most
cases it's not.  The point is that you are paying a tax on the value
of all the assets, and you may or may not have enough cash and liquid
assets to pay that tax.

And I guess we just disagree on that.  I think it shouldn't be taxed. 
It's already been taxed, as your income or as capital gains or as
something else.  How many times should your dollar be taxed before
it's yours and that's the end of it?

-Cameron

--
Cameron Childress
Sumo Consulting Inc
http://www.sumoc.com
---
cell:  678.637.5072
aim:   cameroncf
email: [EMAIL PROTECTED]

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