Quote:
Originally Posted by Jason14h
A lot of wealth is held in assets or companies though. What about land for farmers ? What about a company ? Should it be sold to pay estate taxes ? Destroy a company employing people ?
Once you start putting exemptions people will just put their money there .
|
That actually happened to a company my husband worked for at one time, Kissinger Petroleum, still active in the States, no longer active in Canada.
A tragic accident during a family vacation in the Baja killed the father (President of the company) and his son. They had to sell the Canadian portion of Kissinger Petroleum to pay for estate taxes in the States.