[lbo-talk] A New Name for "Estate Tax"?

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Sun Feb 19 13:35:17 PST 2006



> It was in response to Jordan's writing this with regards to
> the estate tax:
>
> " there are a large number of people whose small business
> is also the asset they die with. For many, that
> (the estate tax) ends the business"

I feel compelled to say that the "that" I was referring to was "death" not "the estate tax" ... Yoshie was saying that most people die with only their house as an asset; I'd also say 'retirement accounts' are up there on the list. I did go on to claim that many small business become unworkable after encountering the inheritance tax, and others have posted that this is largely old info thanks to the phase out underway since 2001.

/jordan



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