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Old 09-15-2006, 08:41 AM
ezrabrooks
 
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Quote:
Originally Posted by Rupert Pupkin
I figured that it was a half-truth. I'm glad you clarified it for me. I hate that when they tell half-truths. I don't care what party the person is in. It's an insult to the viewer when these politicians tell half-truths.

By the way, I do think they need to make major changes to the estate-tax. If you live in a place like Beverly Hills where real-estate is expensive, and average house that is 4000 square feet is worth over $2 million. If your motherd died and left you the house, you would probably be forced to sell the house just to pay the estate-tax on the house. You'd probably owe the government $800,000. That's not fair. I don't think you should owe the government anything in that case. I don't know if they should totally get rid of the estate tax, but I think they need to raise the amount that you can inherit without paying taxes. I think the first $5 million or so should be tax-free.
Rup, heck with Beverly Hills... say you are a farming family, owning quite a bit of farm land, which, although used for ag, has sky rocketed in value... Estate tax really hurts then.

Ez
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