In article ,
" wrote:

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.


if the estate is a corporation how can the estate be inherited other than the
normal process of shareholders/members of the corporation. If a corporation
dies, it should pay taxes on the proceeds of the dissolution