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This is the most immoral and destructive of all the forms of taxes.

Here is the way you get around Death Taxes. (If you are truly Rich):

1. You put your money into a Foundation and your State and Federal tax bill on that money is ZERO, before or even after you die.

2. Your relatives then have secondary gain from the prestige of running the Founadation and giving away all that money, tax-free, to whatever "charity" suits their personal or political agenda.

3. You father can then urge that the state taxes of not-so-rich people (like the single guy working a 70 hour week to grow a small business and make $350,000 per year) be raised so that nobody notices that your own family is avoiding paying Billions of dollars of Federal taxes.

The Bill Gates Income Tax ..... If Washington's most famous billionaires are really worried about their state's finances, they'd write personal checks to the government and leave everyone else alone..... Mr. Gates Sr. has personally contributed $500,000 to promote a statewide proposition on Washington's November ballot that would impose a brand new 5% tax on individuals earning over $200,000 per year and couples earning over $400,000 per year.

"Suckers!"

What I do like about foundations is that YOU can direct what you want done with the money instead of the government confiscating it for welfare and union government employees.

I see the laws regarding foundations changing because we know politicians don’t like not getting that money.