X2
29 paragraphs? Explaining what should have taken one sentence. This reminds me of the DIY Network, or is it HGTV, one of them has a house giveaway yearly. The house and property are worth over a million dollars, and the taxes have caused the winners to have to sell the property to pay the taxes rather than move in and go broke. Admittedly these are not inheritance taxes, however, the result is the same.
There is a huge difference between property and cash. In the sale of a business, for example, if you are buying out a partner, you pay him cash leaving you with property, you could be in deep trouble. Bottom line, dead folks shouldn't have to spend their lives before death worrying about government taxing what has already been taxed numerous times prior to their death. Transfers at death ought to be at the desire of the deceased, and not taxable, despite the ramblings of Irwin for the weakly standard