> 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? It's not yours after you will it to someone. It's always been my interpretation that, with the exception of property taxes which are paid to the government for maintenance because you own property which has value (to prevent the government simply taking what you have), that money and assets are taxed when money and assets change hands. Sales tax, auto-taxes, income-tax, all are driven by the idea of money and/or assets changing hands. When you die, all your money changes hands, whether that's to a charity, to individuals, to the state or some combination. What makes this redistribution of money different? (Asside from the fact that it's a windfall to the beneficiary who hasn't actually put any effort into earning it, at least not in any documented manner like a job.) s. isaac dealey 954.522.6080 new epoch : isn't it time for a change? add features without fixtures with the onTap open source framework http://macromedia.breezecentral.com/p49777853/ http://www.sys-con.com/author/?id=4806 http://www.fusiontap.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Discover CFTicket - The leading ColdFusion Help Desk and Trouble Ticket application http://www.houseoffusion.com/banners/view.cfm?bannerid=48 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:152446 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
