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To: mnehring
I believe this is a one-time tax on wealth ABOVE $10 million.

Also, when this happens, the death tax is abolished, so the 14.25% tax is actually the present value of the death tax payment. To a wealthy person, paying 14.25% now beats having your estate pay a bigger number later because the cash generation can occur in a planned way and the wealthy person is in charge of making the payment in an orderly fashion.

144 posted on 03/30/2011 6:50:37 PM PDT by Andy from Chapel Hill
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To: Andy from Chapel Hill

Might be a brute-force way to handle a big problem. I’m not a big fan of the idea...but it could work if it meant a full, 100%, permanent abolishment of the death tax and throw the capital gains tax along for the ride.


161 posted on 03/30/2011 7:36:14 PM PDT by RockinRight (C'mon people - enough with the FR circular firing squad.)
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