From the IRS site on Estate tax:
On one hand, they say that everyone should be given an equal playing field to prove their worth, then on the other hand they think that millionaires shouldn't be taxed when they leave millions of dollars to their kids. They even have the nerve to lie to the American public and make it look like it will affect people who aren't millionaires.
To reemphasize: Most relatively simple estates (cash, publicly traded securities, small amounts of other, easily valued assets and no special deductions or elections or jointly held property) with a total value under $1,000,000 and a date of death in 2002 or 2003, under $1,500,000 and a date of death in 2004 or 2005, and under $2,000,000 and a date of death in 2006 or 2007 do not require the filing of an estate tax return.
2007-07-16
01:57:26
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12 answers
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asked by
brickity hussein brack
5
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Politics