On Thu, 26 Jan 2012 16:45:20 -0800, "Malcom \"Mal\" Reynolds"
wrote:

In article ,
Kurt Ullman wrote:

In article ,
Jim Yanik wrote:


How about the family farm? right now,the inheritance tax forces people to
sell their property to meet the tax,despite taxes having already been paid
on that wealth.Double taxation.

Inheritance taxes are put in place, and rather blantantly if you listen
to the people pushing them, solely to punish those who make so much
money that they offend the pushers. Inheritances should be taxed by what
they are. If business, then the inheritors pay the cap gains tax just
like they would have if they had bought it (and get the stepped up
basis).

with LLC's or trusts, why would anyone place themselves in the position of being
liable for inheritance taxes?

Corporations don't shield an estate from estate taxes. Before the corporation
changes hands, at death, they are taxed. An irrevocable trust can change
hands without taxes but it has actually changed hands before the death of the
originator.