NC, no I didnt build it (roads) alone, but I paid and continue to pay my part to use them... The group that build the road was paid for by taxes collected from gasoline tax and vehicle license taxes. Are you saying that even though we paid for them, we owe something more? To whom do we owe this money to?
The lawsuit between farmers and Monsanto comes from the farmers growing a crop and allowing it to go to seed thereby collecting x times the number of seeds from their original purchase from monsanto. It's not a cross polination thing.
BTW, I dont like Monsanto much (for other reasons)
Beks:
Sorry, I usually write in word and paste into notepad then paste into here to get rid of the "nasty microsoft formatting".
Back in 2001, the bottom amount was just over 600K then they started taxing above that. I know the exemption amount increased over the years.
Quoting Wikipedia:
"For example, assume an estate of $3.5 million in 2006. There are two beneficiaries who will each receive equal shares of the estate. The maximum allowable credit is $2 million for that year, so the taxable value is therefore $1.5 million. Since it is 2006, the tax rate on that $1.5 million is 46%, so the total taxes paid would be $690,000. Each beneficiary will receive $1,000,000 of untaxed inheritance and $405,000 from the taxable portion of their inheritance for a total of $1,405,000. This means that they would have paid (or, more precisely, the estate would have paid) a taxable rate of 19.7%."
I think inheritence tax needs different assessment rates -- a lower rate for real estate (farms homes etc) and a higher value for more liquid assets or property held for business.