> On Thu, 31 Mar 2005 18:40:46 -0500, S. Isaac Dealey > <[EMAIL PROTECTED]> wrote: >> I have to seriously wonder about the ineptitude of a >> billionare or >> multi-millionare who when willed their millions doesn't >> have the >> aptitude to recoup what the government takes by >> reorganizing the >> investment of their remaining millions.
> When the land and property you own gains in value > exponentially more > rapidly than your liquid wealth, there's not much you can > do about it > but sell something to get more liquid wealth. It's a very > real > problem and not one that's easy to fix by simply > reorganizing other > investments. > ....and it's a problem created by the Estate Tax. > According to one > source (http://www.fielderfinancial.com/ep.html) > "Frederick Vanderbilt > left an estate valued at $76,838,530. His heirs lost 56 > percent, or > $42,846,112 to estate taxes." So reduce the tax if it's too high... sounds to me like they've decided that since a phenomenally large tax is too much that any tax at all is unspeakable. Or more likely that since they have some reason to reduce it they can probably get away with eliminating it to their own favor by putting the right spin on how they gouge the rest of us. 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
