Subj : Re: Um...no comment?
To   : Angus McLeod
From : Finnigann
Date : Tue Sep 13 2005 06:10 am

-=> Angus McLeod wrote to Finnigann <=-

 AM>   Re: Re: Um...no comment?
 AM>   By: Finnigann to Richardw on Mon Sep 12 2005 19:21:00

 >  Ri> And the family owned business I started 30 years ago was just
 >  Ri> confiscated by the government, effectively putting my children on the
 >  Ri> streets.
 >
 > No, the patriarch just signs it over at some point and has everything taken
 > care of as part of the compensation.

 AM> So what is the point in creating a law to sieze a large chunk of
 AM> everyone's assets at death, if they can simply side-step the law?

Exactly. But a year or so they made a huge to-do about abolishing the
inheritance tax (aka death tax) It only benefited those with real estates [1]
worth more than a million but with the PR associated with the term DEATH tax it
was passed. It comes with haveing a SH as a leader.




[1] cash laying around and not in corporations where it's sort of in limbo as
to what's taxed and what's not. Of course all yo have to do is make a dummy
corp in the Caribbean and you pay no taxes anyway...

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