Replies to post #62301 on Zeev's Turnips Patch-No Politics (ZEEV)

[jetcityrandy]

A bad choice of words.
I should have said unfortunate, or [already heavily taxed] instead of poor.
I wasn't meaning that the death tax was aimed at financially disadvantaged citizens.

[Joe Stocks]

Syl, My point is why should the tax laws be distructive to a family business. There is a family business here in town that has been in the family for nearly 50 years. It's now worth close to $100 mil...and yes, these folks are now rich. However, why should they not be able to continue the family business as it is today? Under current tax laws they will have to sell the business at the point of a gun to pay the taxes after the old man dies.

Joe