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Ira:"Obviously, you don't know your history. The top estate tax rate was 70%-77% between 1935 and 1981 and 50% or more between 1934 and 2002."

And obviously, you're not aware, and don't know your history. According to The Millionaire Next Door by Stanley, almost zero millionaires pay a dime in estate taxes - over the last 50 years.
Only those that stumble into the estate tax limits at the bottom end wind up paying some estate taxes.


Those with five million or more employ tax planners who neatly sidestep the taxman at death and have been doing it for a hundred years.

Even folks like the Kennedy clan have nearly all their real estate in a family trust. They 'rent' their houses, and when they die, the house is not an asset - even though it might be worth 10 million..... it's in the family trust.

t.
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