Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Millionaire Leaves Entire Estate To Pay National Debt
WFTV-NEWS ^ | 1-20-2006

Posted on 01/20/2006 4:53:38 PM PST by Cagey

FINDLAY, Ohio -- The federal government is reaping a $1.1 million windfall from the estate of an Ohio woman. But the money comes with specific instructions.

Margaret Taylor's will said the government has to use her fortune to help pay down the national debt. A spokesman for the Treasury Department said it may be their largest donation ever.

Taylor died in November at age 98. She told her family that she planned to use her money to help people, but didn't reveal her plans.

The executor of her will said he tried to talk Taylor out of giving her money to the government, but she wouldn't listen. Attorney Tom Drake said Taylor was a staunch Democrat who believed the national debt should be paid off.


TOPICS: Culture/Society; Government; US: Ohio
KEYWORDS: fool; idiotdemocrat; millionaires; nationaldebt; nofoollikeanoldfool
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 101-107 next last
To: Cagey

Her call, but I think she could have helped a lot more people if she'd have given that money to a local church or the Salvation Army.


21 posted on 01/20/2006 5:00:34 PM PST by DemforBush
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cagey

Maybe John Kerry can put in a few million to help out too. Oh wait, it's not his money. It's his wife's. I wonder if she gives him an allowance?


22 posted on 01/20/2006 5:01:32 PM PST by rfreedom4u (Native Texan)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cagey

In other news, a budget amendment was proposed later in the day adding $1.1 million to subsidize mohair in Alaska.


23 posted on 01/20/2006 5:01:42 PM PST by thoughtomator
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cagey

Rewarding inefficiency... stupid.


24 posted on 01/20/2006 5:01:45 PM PST by Trajan88 (www.bullittclub.com)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Para-Ord.45
Nah, she just really really didn't like the rest home her kids stuffed her in. lol.
25 posted on 01/20/2006 5:02:58 PM PST by JasonC
[ Post Reply | Private Reply | To 2 | View Replies]

To: Cagey
Margaret Taylor's will said the government has to use her fortune to help pay down the national debt

Did I ever mention that my real name is "Pay Down the National Debt"?

26 posted on 01/20/2006 5:03:15 PM PST by Polybius
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cagey; nutmeg; Nick Danger

Will the feds have to pay inheritance tax?


27 posted on 01/20/2006 5:03:17 PM PST by NautiNurse
[ Post Reply | Private Reply | To 1 | View Replies]

To: Para-Ord.45; Cagey

"She`s a certified Idiot ."

LOL! Oh, I can't agree, she's a woman who has put her money where her mouth was. It must have given the estate planners conniption fits, not to mention the heirs. But I say good for her, if all the dems has this much honesty the country would be a better place.


28 posted on 01/20/2006 5:03:45 PM PST by jocon307 (The Silent Majority - silent no longer)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Cagey

What a crying shame. A lifetime of protecting and gathering assets, tossed away like a pail of sand into the ocean.


29 posted on 01/20/2006 5:05:08 PM PST by kcar (theUNsucks.com)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cagey

Another case of booze for Teddy.


30 posted on 01/20/2006 5:05:32 PM PST by gotribe (Hillary: Accessory to Rape)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cagey

It's a shame that she didn't actually use it to help someone. Or a lot of someones.


31 posted on 01/20/2006 5:05:52 PM PST by DJ MacWoW (If you think you know what's coming next....You don't know Jack.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NautiNurse
NautiNurse

Hahahahaha! Brilliant!

32 posted on 01/20/2006 5:06:05 PM PST by Cagey
[ Post Reply | Private Reply | To 27 | View Replies]

To: Para-Ord.45

A quick calculation.

Total National Debt: $8189 billion
Assuming 4% interest: $327.5 billion/year,$897 million per day, $37.3 million/hour, $0.0104 million/second

The Woman's fortune paid for ~100 seconds of INTEREST on the national debt.

Its not good to talk ill of the dead, but one really has to be stupid to flush more money into this deep dark black hole called the govt.


33 posted on 01/20/2006 5:07:00 PM PST by raj bhatia
[ Post Reply | Private Reply | To 2 | View Replies]

To: Cagey

This has already been posted, but isn't it great, She probably left enough money to pay for Bill Clinton's haircuts at airports while he was president.


34 posted on 01/20/2006 5:07:09 PM PST by AmericanMade1776
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cicero

probably less than a fraction of a second once the Senate Appropriations committee gets ahold of it. Basically, she traded her $1.1 million for a fancy IOU from the government.


35 posted on 01/20/2006 5:07:24 PM PST by willyd (No nation has ever taxed its citizens into prosperity)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Cagey

Congratulations, Miz Taylor, your kind gift has now funded 3 acres of asphalt in the dominion of Grand Dragon Robert 'Sheets' Byrd! Thank you for participating in the system!


36 posted on 01/20/2006 5:07:29 PM PST by atomicpossum (Replies must follow approved guidelines or you will be kill-filed without appeal.)
[ Post Reply | Private Reply | To 1 | View Replies]

Comment #37 Removed by Moderator

To: Cagey
Say it ain't so, Grandma! I would have spent it wisely!
38 posted on 01/20/2006 5:07:59 PM PST by operation clinton cleanup
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cagey

Won't be a drop in the bucket to the national debt but it could have surely erased all my personal debt.


39 posted on 01/20/2006 5:08:23 PM PST by The_Media_never_lie
[ Post Reply | Private Reply | To 1 | View Replies]

To: Para-Ord.45

'tard.


40 posted on 01/20/2006 5:08:31 PM PST by billorites (freepo ergo sum)
[ Post Reply | Private Reply | To 2 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 101-107 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson