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<blockquote data-quote="tOSUaluminWVa" data-source="post: 131724836" data-attributes="member: 1975572"><p>I completely agree with you that 61% is a confiscatory tax rate.&nbsp; I'd be fine with the long term capital gains rate of 15%, but think that the death tax rate should probably mirror the ordinary income tax rate.&nbsp; Another issue is the size of the estate.&nbsp; An estate must be worth several of millions of dollars for any death tax to apply, correct?&nbsp; (I know that the threshold for death tax has changed multiple times over the years.)&nbsp; Moreover, it might make sense to add some exceptions and/or deductions where the assets being bequeathed aren't liquid, such as a farm.&nbsp; I don't like the idea of the children of a farmer being required to sell the farm just so that they can afford to pay the taxes, but don't feel sorry for &quot;Buffy,&quot; who is bequeathed enormous bank accounts, stocks and bonds.&nbsp; Oh, and don't worry about my being a victim of &quot;class warfare&quot; propaganda, as I'm a Republican, and don't watch the garbage on CNN, MSNBC, etc.</p></blockquote><p></p>

[QUOTE="tOSUaluminWVa, post: 131724836, member: 1975572"] I completely agree with you that 61% is a confiscatory tax rate. I'd be fine with the long term capital gains rate of 15%, but think that the death tax rate should probably mirror the ordinary income tax rate. Another issue is the size of the estate. An estate must be worth several of millions of dollars for any death tax to apply, correct? (I know that the threshold for death tax has changed multiple times over the years.) Moreover, it might make sense to add some exceptions and/or deductions where the assets being bequeathed aren't liquid, such as a farm. I don't like the idea of the children of a farmer being required to sell the farm just so that they can afford to pay the taxes, but don't feel sorry for "Buffy," who is bequeathed enormous bank accounts, stocks and bonds. Oh, and don't worry about my being a victim of "class warfare" propaganda, as I'm a Republican, and don't watch the garbage on CNN, MSNBC, etc. [/QUOTE]

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