Re: -------Illegal Aliens and Traitors

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Article #4878

#4878

From: Jim Riley
Date: Wed, 06 Sep 2000 00:40

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On Mon, 4 Sep 2000 00:55:42 +0200, "Steve Slatin"
<sslatin@attglobal.net> wrote:

>In fact, much of the wealth in most large estates has NOT been taxed.
>stock, which has appreciated.  The appreciated element has not been
>taxed.

But if the stock had been sold, its appreciation would have been
taxed.  So whether or not it is also hit with an estate tax is
arbitrary and capricious.

>            If you buy land for $1000 an acre and two decades later sell it
>for $20,000 an acre, it's profit and it's taxed.  If you hold it, no tax until
>death.

If you sell it the year before you die, it's taxed twice.  Arbitrary
and capricious.

>The other point is that your father's million is not taxed under estate
>taxes.   There's an exemption that is escalating under current legislation that
>puts the tax-free estate limit at over a million.

An arbitrary and capricious amount.

>Of course, the politicians grandstand all over this issue, and conceal the
>facts -- which they know well.  Estate taxes only touch a percent or so of
>all estates, 

An arbitary and capricious level.

>and the average rate is way below the 55 percent figure even
>for those -- they toss that around to frighten the ill-educated.

The income tax rates have been nowhere 55% since the Reagan-era tax
reforms.  What justification is there for taxing one $1 at that rate
even if it is "income"?

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From: Jim Riley <jimrtex@pipeline.com>
Newsgroups: dfw.general,austin.general,houston.general,nyc.general,ca.general,dc.general
Subject: Re: -------Illegal Aliens and Traitors
Date: Tue, 05 Sep 2000 19:40:09 -0500
Organization: Leningrad Knit Shrimp
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