Hmmmmm... Futo, I have this bridge for sale...
If you actually believe that `Death Taxes' only `help?' the `rich?' then *surely* you'll also believe that I've got a `clear title' to this bridge I've got. {FROWN!}
Common... Say it `tain't so.
A little back ground here... SWMBO and I live on this *little*, actually only about 95 acres, farm here in CO. (At least *that* is the `part' that SWMBO's 7/12 undivided `interest' gives, and will give her *after* we finally can overcome the `polyticians' and get her part broken out, her of the whole 167 acres.) Now... Due to some `honest to god luck' back in 1993 we, her and the rest of her family, actually managed to `escape' the `Death Taxes'. *But* only *just barely*! (*If* both the county assesor *and* the company that was hired by the `Estate' at the time to appraise the `Estate' hadn't been as `blind' as they were and had actually even given current land values a sidelong glance the `appraised value' would have been well over $1.2 mil instead of the paltry $500 thousand they `valued' it at. [Strange thing... A little over a year and a half later when the State started requiring that assesors start assesing `property' at `reasonable market levels' the farm suddenly became worth $1.6mil!?]) *If* the `assesment' or the `appraisal' had been done using the `fair market value' at the time we were going through with all we went through *none* of us, SWMBO, myself, and her family, would be residing here today. We wouldn't have been able to begin to pay the `Death Taxes'! (Actually even today we couldn't since farming is something that *doesn't* make money. But that is another `rant'!) Today, if we sell the place as a farm, we can probably get something around $1.2mil. However, if we sell for `development', we can get closer to $3.5mil. Either way though *we* lose! First of all we are truely `cash poor' and `land rich' and will end up having to pay out anything we make in yet another tax scam... `*Capitol Gains*' tax! Frankly I believe that *any* `tax' is way too much tax but both the `Capitol Gains Tax' and the one you seem to think is so `fair?' `Estate, or "Death", Taxes' are by far the most onerous and *stifling* to those of the so-called `middle classes' and `poor'. Yeah... All the other assorted `taxes' and taxes by another name like `user fees' and such are also an affront to those of us not able to afford to have `high powered tax "advisors'', but they are also an affront to even those who *can* afford those `high powered tax "advisors"'. (They all `say' that we don't know what to do with our money, but the `gummit' does!) AARRRGGGGHHHHH!!!!!!
Dammit! `Government' is the *problem* *not* the `solution' and we've got *way too much*! (I concede that I do happen to also worry about my 2nd Amnd rights, too. *But* I also am very worried about *all* the others *and* the continuing encroachment into mine and my family's and friends lives, too!) And... Yep! I'm `old and cranky'!