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Response to brooklynite (Original post)

Thu Jan 31, 2019, 10:56 AM

5. I am more against it than for it.

 

One problem I see, a man starts a business and it is very profitable. He puts the profits back into the business and then dies. His son inherits the business but all the money has been put back into the business and now he has to sell it, fire some workers or get a large enough loan to cover the estate tax. It isn't hard for a business to be worth $3.5 million but not have any cash flow. I don't like any estate tax on inheritance that stay within the immediate family. Of course the only inheritance I will be leaving is an old manufactured house and an old car.

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brooklynite Jan 2019 OP
zentrum Jan 2019 #1
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LineReply I am more against it than for it.
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