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Think about this: If the Walton family had to pay estate taxes when Sam Walton died and their family fortune was worth $25 billion at the time of his death, then according to estate tax tables their tax liability would have been about $12 billion. Since the majority of the family net worth was Walmart stock, that means they would have to sell hundreds of millions of shares of stock just to pay a tax liability.

How would that be good for the markets?? It certainly would'nt be good for a Walmart shareholder, which btw number in the millions.

The bottom line is that transfering wealth from private citizens to the US government is just about always a bad idea.

188 posted on 06/27/2006 12:57:04 AM PDT by BigSkyFreeper (There is no alternative to the GOP except varying degrees of insanity.)

190 posted on 06/27/2006 12:59:29 AM PDT by dixiechick2000 (There ought to be one day-- just one-- when there is open season on senators. ~~ Will Rogers)

If the Walton family had to pay estate taxes when Sam Walton died and their family fortune was worth $25 billion at the time of his death, then according to estate tax tables their tax liability would have been about $12 billion.

Sam Walton died in 1991 or 1992, when was the estate tax implemented?