Quote:
Originally Posted by Sheriff Gonna Getcha
How were the businesses distressed by the death tax?
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The death tax is like 50% so if you inherit a business from your parents that is worth 3 million dollars, which could be a small appliance store for example, you may be hit with a ginormous tax bill. Now, obviously Buffet isn't buying small appliance retailers but you see the point.
Estate tax (United States - Wikipedia, the free encyclopedia)
Buffett thinks this is one tax that's a good idea
Grover G. Norquist on the Death tax and Warren Buffett on NRO Financial=