Hi Austin, the idea that the Estate Tax makes it impossible for families to continue in family businesses is for the most part a myth... a fabrication concocted by the same political hacks who labeled this a "Death Tax" for the sensational impact and PR value it would have. Second, as a person who deals with science, you should understand that anyone who has assets worth several million dollars is in the top percentiles of wealth in this country... Finally, with a bit of estate planning, all of this can be dealt with above legally and above board. Now, I am not arguing that our tax system is perfect or that it is not in need of reform... but I am trying to get factual information out there... Eric Goldstein -- On Thu, Dec 3, 2009 at 9:20 AM, Austin Franklin <austin.franklin@xxxxxxxxxxx> wrote: > Hi Eric, > > So, you would also group farmers and small family business owners in with > the "very wealthiest" "top 3-4%" I guess. The current structure basically > makes it impossible for families to continue in family businesses. > > Also, the current laws discourage saving. I should spend all my money so > that my kids don't get hit with a %50 tax when I die. That's nonsense. > > It doesn't matter who the law effects if it's wrong. And this is just plain > wrong. If we thought that way, why are there rules in place for minorities? > For disabled people? For anyone except the majority? > > Income tax is one thing. Estate tax is another. AGAIN, the tax has already > been paid on this money when it was earned. Why should it be taxed yet > again? > > Regards, > > Austin > >> -----Original Message----- >> From: rollei_list-bounce@xxxxxxxxxxxxx >> [mailto:rollei_list-bounce@xxxxxxxxxxxxx]On Behalf Of Eric Goldstein >> Sent: Wednesday, December 02, 2009 8:12 PM >> To: rollei_list@xxxxxxxxxxxxx >> Subject: [rollei_list] OT Estate Tex (was Re: Copyright Law) >> >> >> Hi Austin - >> >> Then for the benefit of the rest of our readers who are likely not so >> conversant in US Estate Law, let's get accurate information out there. >> The tax to which you refer only effects the very wealthiest of all >> Americans, the top 3-4% I would guess. The US tax structure is >> basically a progressive one, and those who are able to pay more are >> generally called upon to do so with their income tax, property tax, >> and estate tax. At least that the law intends. >> >> >> Eric Goldstein >> >> -- >> >> On Wed, Dec 2, 2009 at 7:42 PM, Austin Franklin >> <austin.franklin@xxxxxxxxxxx> wrote: >> > Hi Eric, >> > >> > I know all too well what it pertains to, as my parents are both >> dead, and we >> > got hit significantly by it. No matter who it effects, it's >> wrong. Very >> > wrong. >> > >> > Regards, >> > >> > Austin >> > >> >> -----Original Message----- >> >> From: rollei_list-bounce@xxxxxxxxxxxxx >> >> [mailto:rollei_list-bounce@xxxxxxxxxxxxx]On Behalf Of Eric Goldstein >> >> Sent: Wednesday, December 02, 2009 5:59 PM >> >> To: rollei_list@xxxxxxxxxxxxx >> >> Subject: [rollei_list] Re: Copyright Law >> >> >> >> >> >> Austin - >> >> >> >> Inheritance tax in the US only pertains to the small number of top >> >> percentages of estates and not the vast majority. As such it conforms >> >> with the progressive tax structure... >> >> >> >> >> >> Eric Goldstein >> >> >> >> -- >> >> >> >> On Wed, Dec 2, 2009 at 5:43 PM, Austin Franklin >> >> <austin.franklin@xxxxxxxxxxx> wrote: >> >> > Hi Frank, >> >> > >> >> > So, you should not be able to hand what you earned/worked for >> >> down to your >> >> > children? The government should get most all of it? Here in >> >> the US, they >> >> > already get near %75 of it (initial taxes, plus %50 >> inheritance tax). I >> >> > disagree very very very strongly with that. I worked for >> >> it/earned it, and >> >> > ALREADY PAID TAXES ON IT, and I should be able to do with it >> >> what I want, at >> >> > least within my immediate family. >> >> > >> >> > Regards, >> >> > >> >> > Austin >> >> > >> >> >> -----Original Message----- >> >> >> From: rollei_list-bounce@xxxxxxxxxxxxx >> >> >> [mailto:rollei_list-bounce@xxxxxxxxxxxxx]On Behalf Of Frank Dernie >> >> >> Sent: Wednesday, December 02, 2009 1:41 PM >> >> >> To: rollei_list@xxxxxxxxxxxxx >> >> >> Subject: [rollei_list] Re: Copyright Law >> >> >> >> >> >> >> >> >> I would. The only tax I approve of is inheritance tax. 100%. Not >> >> >> practical i know, but -earned- income should be un-taxed and >> >> >> something you get by luck, without work, heavily taxed. >> >> >> Simplistic. >> >> >> >> >> >> On 2 Dec, 2009, at 17:49, Mark Rabiner wrote: >> >> >> >> >> >> >> Why not have copyright end with the death of the original >> >> >> artist/inventor, he >> >> >> >> doesn't need the income anymore and it would avoid unseemly >> >> >> arguments from the >> >> >> >> family, who have done nothing to earn the income. >> >> >> > >> >> >> > >> >> >> > If your going to just give up your intellectual property to the >> >> >> state why >> >> >> > not also give up your cameras and homes as well? >> >> >> > >> >> >> > >> >> >> > Mark William Rabiner >> >> >> > >> >> >> > >> >> >> > >> >> >> > --- >> >> >> > Rollei List >> >> >> > >> >> >> > - Post to rollei_list@xxxxxxxxxxxxx >> >> >> > >> >> >> > - Subscribe at rollei_list-request@xxxxxxxxxxxxx with 'subscribe' >> >> >> > in the subject field OR by logging into www.freelists.org >> >> >> > >> >> >> > - Unsubscribe at rollei_list-request@xxxxxxxxxxxxx with >> >> >> > 'unsubscribe' in the subject field OR by logging into >> > www.freelists.org >> >>> > >> >>> > - Online, searchable archives are available at >> >>> > //www.freelists.org/archives/rollei_list >> >>> > >> >>> >> >>> --- >> >>> Rollei List >> >>> >> >>> - Post to rollei_list@xxxxxxxxxxxxx >> >>> >> >>> - Subscribe at rollei_list-request@xxxxxxxxxxxxx with 'subscribe' >> >>> in the subject field OR by logging into www.freelists.org >> >>> >> >>> - Unsubscribe at rollei_list-request@xxxxxxxxxxxxx with >> >>> 'unsubscribe' in the subject field OR by logging into >> www.freelists.org >> >>> >> >>> - Online, searchable archives are available at >> >>> //www.freelists.org/archives/rollei_list >> >>> >> >>> >> >> --- >> >> Rollei List >> >> >> >> - Post to rollei_list@xxxxxxxxxxxxx >> >> >> >> - Subscribe at rollei_list-request@xxxxxxxxxxxxx with 'subscribe' >> >> in the subject field OR by logging into www.freelists.org >> >> >> >> - Unsubscribe at rollei_list-request@xxxxxxxxxxxxx with >> >> 'unsubscribe' in the subject field OR by logging into www.freelists.org >> >> >> >> - Online, searchable archives are available at >> >> //www.freelists.org/archives/rollei_list >> >> >> >> >> > --- >> > Rollei List >> > >> > - Post to rollei_list@xxxxxxxxxxxxx >> > >> > - Subscribe at rollei_list-request@xxxxxxxxxxxxx with 'subscribe' >> > in the subject field OR by logging into www.freelists.org >> > >> > - Unsubscribe at rollei_list-request@xxxxxxxxxxxxx with >> > 'unsubscribe' in the subject field OR by logging into www.freelists.org >> > >> > - Online, searchable archives are available at >> > //www.freelists.org/archives/rollei_list >> > --- >> > Rollei List >> > >> > - Post to rollei_list@xxxxxxxxxxxxx >> > >> > - Subscribe at rollei_list-request@xxxxxxxxxxxxx with 'subscribe' >> > in the subject field OR by logging into www.freelists.org >> > >> > - Unsubscribe at rollei_list-request@xxxxxxxxxxxxx with >> > 'unsubscribe' in the subject field OR by logging into www.freelists.org >> > >> > - Online, searchable archives are available at >> > //www.freelists.org/archives/rollei_list >> > >> > >> --- >> Rollei List >> >> - Post to rollei_list@xxxxxxxxxxxxx >> >> - Subscribe at rollei_list-request@xxxxxxxxxxxxx with 'subscribe' >> in the subject field OR by logging into www.freelists.org >> >> - Unsubscribe at rollei_list-request@xxxxxxxxxxxxx with >> 'unsubscribe' in the subject field OR by logging into www.freelists.org >> >> - Online, searchable archives are available at >> //www.freelists.org/archives/rollei_list >> >> > --- > Rollei List > > - Post to rollei_list@xxxxxxxxxxxxx > > - Subscribe at rollei_list-request@xxxxxxxxxxxxx with 'subscribe' > in the subject field OR by logging into www.freelists.org > > - Unsubscribe at rollei_list-request@xxxxxxxxxxxxx with > 'unsubscribe' in the subject field OR by logging into www.freelists.org > > - Online, searchable archives are available at > //www.freelists.org/archives/rollei_list > > --- Rollei List - Post to rollei_list@xxxxxxxxxxxxx - Subscribe at rollei_list-request@xxxxxxxxxxxxx with 'subscribe' in the subject field OR by logging into www.freelists.org - Unsubscribe at rollei_list-request@xxxxxxxxxxxxx with 'unsubscribe' in the subject field OR by logging into www.freelists.org - Online, searchable archives are available at //www.freelists.org/archives/rollei_list