But lets not forget that currently there is a $1.5 million dollar exception per person. That is moving up to $2 then $3.5 million per person. The average family is what 2.3 kids?
So lets start with a $20 million estate. Dad dies. $2 million to each of the 2 kids (we'll leave of the .3 kid) leaves $16 million for mom and nobody pays taxes. Mom dies. Her estate is worth $16 million. $2 million to each kid leaves a taxable inheritance of $12 million. That's without a fancy accountant to hide assets etc.. How many of you have to worry about inheriting over $2 million from each parent in the next few years. How about more than $3.5 million in 5 years? I would say this is a problem of the extreme wealthy and I don't have a problem with them paying a few bucks in taxes. As for the Vanderbilt's losing 56% of their assets to taxes, sounds to me like they need a better tax accountant or the old man needed to better plan the transition of his assets to his heirs. Because I am certain this is an exception not the rule. Confidentiality Notice: This message including any attachments is for the sole use of the intended recipient(s) and may contain confidential and privileged information. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient, please contact the sender and delete any copies of this message. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Find out how CFTicket can increase your company's customer support efficiency by 100% http://www.houseoffusion.com/banners/view.cfm?bannerid=49 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:152505 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
