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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
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To: Cagey
btw... what were the estate taxes?
41 posted on 01/20/2006 5:08:37 PM PST by operation clinton cleanup
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To: Dog Gone

Yeah figures we get one well intentioned, clear thinking Democrat and we had to find out posthumously.


42 posted on 01/20/2006 5:08:51 PM PST by When do we get liberated? ((God save us from the whining, useless, irrelevent left...))
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To: raj bhatia
Or it could be spent on important capital improvements for the nation. For example, 30 feet of the Bridge to Nowhere.
43 posted on 01/20/2006 5:08:56 PM PST by KarlInOhio (Hey Fat Ted: Alito is the judge, Mojito is what you're drinking. Try to remember the difference.)
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To: Cagey

What a waste. Her family must be pissed.


44 posted on 01/20/2006 5:09:28 PM PST by billybudd
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To: Polybius
Did I ever mention that my real name is "Pay Down the National Debt"?

Best laugh of the day.

45 posted on 01/20/2006 5:11:12 PM PST by Lawgvr1955 (You can never have too much cowbell !!)
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To: billybudd

Giving government money and expecting something good to happen? The family ought to be able to set this aside since she was obviously mentally incompetent.


46 posted on 01/20/2006 5:11:22 PM PST by kcar (theUNsucks.com)
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To: Cagey

Am curious how she accumulated over a million dollars to give back to the rich (Government).


47 posted on 01/20/2006 5:13:05 PM PST by operation clinton cleanup
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To: Para-Ord.45

LOL,I agree!


48 posted on 01/20/2006 5:13:14 PM PST by Anti-Bubba182
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To: Cagey

It's like trying to bail out the Titanic with a shotglass.


49 posted on 01/20/2006 5:13:58 PM PST by skikvt
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To: Cagey


You know what this means?

WE CAN RAISE TAXES AGAIN!!!! :D:D:D:D:D:D:D:D

Happy Day for lefties everywhere!


50 posted on 01/20/2006 5:14:36 PM PST by Tzimisce
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To: Cicero
I haven't crunched the numbers, but a million dollars thrown into the Treasury will probably slow the growth of the national debt by a fraction of a second.

I doubt it. Every dollar of revenue the government gets is an excuse to increase spending by more than a dollar.

Frankly, what I'd like to see (never happen, though) would be for someone to publicly oppose the Republicans' tax cuts on the basis that they would increase government revenue, thereby increasing government's tendency to spend like drunken sailors.

51 posted on 01/20/2006 5:14:49 PM PST by supercat (Sony delenda est.)
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To: Para-Ord.45

My thoughts too


52 posted on 01/20/2006 5:14:53 PM PST by woofie
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To: billybudd
At age 98 there are substantial odds she was in dementia - and had been for several years. Back when she could last execute a valid will - it's possible that $1.1M seemed like a lot of money (in the days when the federal estate tax exemption was perhaps $600K). I suppose if she knew it was $2M at the time of her death she would have thought about it differently. The family has to be livid.
53 posted on 01/20/2006 5:14:59 PM PST by Wally_Kalbacken
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To: SteveMcKing

She's 98 years old. Children would be in their 70's,grandchildren in 50's, great grandchildren in 30's. Great-great-great granchildren in teen years and probably total strangers.


54 posted on 01/20/2006 5:16:02 PM PST by TASMANIANRED (Democrats value the privacy of terrorists higher than the lives of Americans.)
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To: Cagey
She's the last of a dying breed, a principled democrat.

My wife's uncle just passed and he too was a darn good man and a democrat. Go figure. I met him several times and can personally attest to his integrity.

We found out in his obituary that he served in WWII as a gunners mate on one of the Liberty ships. I'm trying to find out which so I can trace his history during the war. I can kick myself for never asking because I thought he looked to young to have been in the war. He was married to my wifes mothers sister for over 50 years. Nearly 60.

55 posted on 01/20/2006 5:19:52 PM PST by Diplomat
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To: Para-Ord.45

"She`s a certified Idiot ."

Correction .... WAS a certified Idiot.


56 posted on 01/20/2006 5:19:52 PM PST by MaDeuce (Do it to them, before they do it to you!)
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To: Cagey
What an idiot.

That money could have been given to the poor, the needy, a charitable organization. It could have been given to medical research, a university, a church, or her family. Any of these would have done more good than giving it to a government that has no sense of financial responsibility.

Giving money to the government is s stupid practice, especially when it robs us year after year in the form of income tax.

57 posted on 01/20/2006 5:23:02 PM PST by SaveTheChief
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To: Cagey

At least her heirs can't donate any of it to libs.


58 posted on 01/20/2006 5:25:12 PM PST by G Larry (Only strict constructionists on the Supreme Court!)
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To: supercat
Every dollar of revenue the government gets is an excuse to increase spending by more than a dollar.

Wow! That's tagline country.

59 posted on 01/20/2006 5:27:11 PM PST by NaughtiusMaximus (DO NOT read to the end of this tagline . . . Oh, $#@%^, there you went and did it.)
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To: Cagey

The woman's heart is in the right place, but the target she's aiming at is the wrong spot.

For example, setting up an office promoting free enterprise in Detroit might have made a dent in that democrat/socialist hellhole.


60 posted on 01/20/2006 5:27:50 PM PST by sergeantdave (And on the second day The Lord created February - the slowest month of the year.)
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