that's kinda the point BigV - i don't believe there should be an estate tax at all. so i am asking the folks who support one, what is the cut off? who gets to give up 40% and who gets to keep it all? it goes back to the same question i've asked before when talking about income taxes - what number defines "wealthy"? people don't seem to realize that the numbers you used to define wealthy when bitching about the rich are found in your own neighborhoods.
the truly wealthy people (i'm not talking about iconic wealth like the hiltons)live in middle class neighborhoods, drive sensible cars, wear sensible clothes, work 50-60 hours week, drink beer and play in the side yard with their kids just like you do. if you don't believe it, look up the statistics for location of millionaires in your area. most of them don't live in the most glamorous neighborhoods and drive BMW's. (most popular milionaire car? used camry)
it is just a feature of politrix that gets us to point our fingers at those "wealthy" people who never have to mingle with the likes of us. one of the wealthiest guys i know is a damn letter carrier for the USPS, for crying out loud! he took the ant and the grasshopper story to heart and lives it. one of the most cashstrapped desperate fools i know has a hummer and a $1.3MM home. go figure.
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