Friday, April 01, 2005

DON'T YOU JUST LOVE ARISTOCRATS

Bill Gates Sr. Unplugged: is the caption at Orbusmax That is what got my blood to boiling. It took three cups of coffee to cool me down.

Who doe's this sanctimonious pompous ass think he is. Bill Sr. may have money to squander on liberalism in this State however most folks don't. I say liberalism because there is more than enough money coming in to the State coffers to do the business of the State. As if that is not enough our Dem buddies in Olympia have decided to over tax it citizens in this LITIGARCHY government.

Inheriting a two million dollar farm means that the ares would have to cough up two hundred thousand dollars of extortion money to the state. Assets and cash flow are two entirely deferent things. That farm may only make sixty thousand a year, while it value came as a result of appreciation. At the same time a twenty million dollar business dose not mean that is it's annual income. And annual sales dose not compute to annual income.

A lot of these estates are family owned where the children may have been running the farm or business for some time when the parent passes. Imagine going through the legal hassle of get things in order to be able to carry on the business plus funeral and or hospital and Doctor bills, to have the State come in and demand there cut.

WHO CARES IF PEOPLE HAVE TO SELL THERE PROPERTY TO SATISFY THE DEMOCRATS.
This is nothing less than a Mafioso stile strong arm thievery, where you pay up or we will take your property.

As for Mr. Bill I would say if you want the State to have your estate put it in your WILL.

P-I

OPINION

Friday, April 1, 2005

Reinstate 'the grateful heirs' tax

By BILL GATES SR.
GUEST COLUMNIST

With the Washington Supreme Court having emasculated our inheritance tax on the basis of a controversial interpretation of a state statute, the governor and legislative leaders have proposed a fresh answer to restore the much-needed revenue.

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