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Well sorry Stunt but I think with all the loop holes and tax breaks the filthy rich get this is at least one way to make them pay their share for a change or at least a small part of it.
It needs reformed not dismissed and the facts are the NFU or National Farmers Union agree and support this, so why would they support something that would put them out of business?
Mark
-------Original Message-------
Date: 08/29/05 17:09:04
Subject: Re: [QUAD-L] Estate Tax
All the listed "Facts" are BS.
The Death Tax aka as estate tax IS taxing everything one has
accumalated after they die.
Those who have parts of the estate willed or inherited through other
means already pay an "inheritance tax", so it is an illegal double
taxation.
Hiding behind 3 in 10,000 American stats is nothing but more BS as most
Americans don't own their own businness or family farm/ranch.
The really rich have trusts which are already not part of the Estate
tax.
Since I've known ranchers who lost much of their land to pay taxes
after the death of their fathers and family farms that had to be sold
at a loss to corporations, I'd have to say those in NY are either liars
or only knowlegable about modern farms in their state.
Democraps LOVE to tax.
> Myth: The estate tax is a death tax.
> Fact: The estate tax is not a tax on death. Its a tax on the
transfer of
> large amounts of money. Ninety-eight percent of Americans who die
pass their
> estate on to their heirs completely tax-free in fact, they get a
valuable
> tax break on capital gains. Zero estate tax is charged on assets left
to a
> spouse or to charity.
> Myth: The estate tax must be repealed because it forces family
businesses to
> close.
> Fact: This issue has been wildly exaggerated. Only 3 of every 10,000
people
> who die leave a taxable estate in which a family business forms the
majority
> of the estate. A recent Federal Reserve study found that the average
small
> business is worth $702,566, well below the level at which estate
taxes kick
> in. Virtually all small family businesses can be protected by simply
raising
> estate tax exemption levels.
> Myth: The estate tax must be repealed because it forces family farms
to sell
>
> Fact: As with family businesses, this issue has been distorted. Only
3 of
> every 10,000 people who die leave a taxable estate in which a farm
forms the
> majority of the estate. On April 8, 2001, the New York Times reported
that
> the pro-repeal American Farm Bureau Federation could not cite a
single case
> of a family farm lost due to the estate tax. Like businesses, family
farms
> can be protected by raising exemption levels.
> Myth: The estate tax is double taxation.
> Fact: The phrase double taxation is a rhetorical device meant to
confuse
> the issue. Money is taxed any number of times as it cycles through the
> economy, generally during transactions. Workers, for example, pay
income,
> payroll, and sales taxes on their wages. Whats more, the bulk of the
> largest estates, which consist of unrealized capital gains, would
never have
> been taxed were it not for the estate tax.
>
> -------Original Message-------
>
> From: Your Name
> Date: 08/28/05 20:24:32
> Subject: Re: [QUAD-L] Estate Tax
>
> Sorry guy,
> A demo ploy that ignores everybody else who will benifit.
> It doesn't "JUST" cover the rich.
> It will cover everybody, including family owned farms and small home
> businesses.
> \This bit of propaganda ignores the facts.
> Why should you pay taxes AFTER you're dead, on everything you paid
> taxes on when you bought them with the money left over after your
> paycheck was taxed.The socialist redistribution of wealth is not a
good
> thing.
> Stunt
>
> >
> >
> > Hey people,
> > This Estate Tax is coming up for a vote and we "all" need to write
to
> our
> > Senators and give our opinion.
> > Mark
> >
> > Subject: Tell your friends: Save the Estate Tax
> >
> > As soon as the Senate returns to Washington in September they will
> vote on
> > eliminating the Estate Tax for the richest 2 percent of Americans
(1).
> If
> > they succeed, millionaires will save close to $1 trillion dollars in
> the
> > first ten years--that tax burden will shift to us and future
> generations --
> > and Republican leaders are just one or two votes away.
> >
> > Eliminating the Estate Tax will personally benefit President Bush,
> Vice
> > President Cheney and 11 other cabinet members up to $344 million -
> and we'll
> > have to pick up that tab!
> >
> > Will you sign our petition before the Senate vote?
> >
> > Thanks!
> >
>
> --
> .
>
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