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<blockquote data-quote="Son of Butch" data-source="post: 1686321" data-attributes="member: 14585"><p>I saw a loophole example of how the proposed new estate tax could punish middle class families and reward the wealthy.</p><p></p><p>The example cited a middle class family who followed the American dream by buying and holding real estate long term resulting in $408,000 death tax.</p><p>Verses</p><p>Super rich family like Joe & Jill Biden who own 2 homes valued at over 5 million but for a shorter duration resulting in their family paying 0 in death tax.</p></blockquote><p></p>
[QUOTE="Son of Butch, post: 1686321, member: 14585"] I saw a loophole example of how the proposed new estate tax could punish middle class families and reward the wealthy. The example cited a middle class family who followed the American dream by buying and holding real estate long term resulting in $408,000 death tax. Verses Super rich family like Joe & Jill Biden who own 2 homes valued at over 5 million but for a shorter duration resulting in their family paying 0 in death tax. [/QUOTE]
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