To: oioiman
"Inheritance taxes force the sale of small businesses or farms. No. Any such entity surely has borrowing power in excess of the amounts required to meet the taxman's demands, and can therefore raise any needed cash."
Absolutely not true. For many small farms / businesses, the Cash value of the real estate is such, that the cash flow of the business / farm is not sufficient to qualify for a loan big enough to pay the death tax. So many have to sell the family business, just to pay the taxes.
4 posted on
05/15/2005 2:36:49 AM PDT by
NavVet
(“Benedict Arnold was wounded in battle fighting for America, but no one remembers him for that.”)
To: NavVet
"Inheritance taxes force the sale of small businesses or farms. No. Any such entity surely has borrowing power in excess of the amounts required to meet the taxman's demands, and can therefore raise any needed cash." The guy says this as if taking out a big loan to pay the death tax is free money.
17 posted on
05/15/2005 5:48:41 AM PDT by
CGTRWK
To: NavVet
You beat me to the punch. This clown does not know what he is writing about.
Regards
21 posted on
05/15/2005 6:12:34 AM PDT by
Jimmy Valentine
(DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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