Why do people vote for Hilary and Obama?

[Sqrl]

Final-Fan said:

Sqrl said:

This past year the guy who cought the big Bonds homerun had to sell the ball because the IRS knocked on his door the next morning saying they wanted their share.

The fact is that there are folks who have estates worth a few million and the money is all tied up in assets that they own. It is not an uncommon occurence for people to sell portions of an estate to pay the taxes on the estate. The fact that anyone would be forced to sell things given to them by their recently deceased relative is quite frankly mortifying.

OK, so the "insanely valuable collectible" example is valid. But as for the "no liquid assets" example, here's factcheck.org to the rescue:

"Worth noting is that family-owned farms and closely held businesses already receive special treatment under current law. Heirs who agree to keep the farm or business assets within the family for 10 years after death can reduce the taxable amount of the estate by 40 percent to 70 percent. And if the farm or business is at least 35 percent of the gross value of the estate, payments can be spread out over 14 years." http://www.factcheck.org/article328.html

In fact, there is not a single known incident of heirs being forced to sell the family farm to pay off the estate tax.

By 40 percent to 70 percent? 

Anyways, that information doesn't change anything. Its great that they are so nice as to lessen the amount of money they are stealing from you if you agree to hold on to it for a while but it doesn't change the fact that they are making you pay for what is, and rightfully should be, yours.