Re: OT: Estate tax and Levees

<xysamir@xxxxxxxxxxx> wrote in message
news:1125899988.062381.272000@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
> Matthew Silverstein wrote:
>> On Monday, September 5, 2005, Dan Koren wrote:
>> > Is a person's death an event that should be taxed?
>>
>> It's not the death that triggers the tax. It's the inheritance. It's not
>> a
>> tax on people who die. It's a tax on people who inherit.
>
> Matty, but isn't your distinction inoperable insofar you suggest that
> the right of a person to its property ceases with (or at least is
> seriously weakened by) its death?

? Lots of your rights cease with death, don't they? Where's your right to
liberty? Right to life? Property wasn't even listed. Still, your idea is
wrong, as I'll show below.

> If Matthew Bartholomew Silverstein
> Sr. worked like a madman for forty years and, on his death, wanted to
> have Matty Silverstein Jr. enjoy the fruits of his hard work, why
> should that legitimate wish be sabotaged by the powers to be?

For the same reason that it would be taxed (or "sabotaged", as you'd say) if
Matthew, Sr. decided to do that while he was alive: the transfer of large
amounts of money to anyone other than a spouse is a taxable event, in
general. Whether you're dead or alive.

Michael


.

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