re: #52 albusteve

what’s your take on inheritance taxes?

You didn’t ask me, but it’s an interesting question and rushing headlong into other lizards’ conversations is sort of our schtick around here…

I don’t like it very much. It’s so hard to get around how to extract the tax from assets that aren’t very liquid. Say your parents grew their small business to a medium business, and it’s worth $20 million on paper. Know how to kill that business and create unemployment instantly? Tell you as the new owner that you owe 4 million in taxes, or something like that.

Whaddya think so far?