The Waltons
Aired 8/11/06 The Waltons 
Those pushing for a reduction in the estate tax have certainly been putting up a lot of spin. I try to sort through some of the worst of it in this episode. Between the lifetime gift exclusion and the individual and the basic exemption you have to have a truly huge estate in order to have a chance of being dinged by it. So having Senator Frist talk about how 90 percent of family businesses not last the third generation is silly. Family business don't last three generations because the grandchildren aren't all that interested in running grandpa's business so they have either gone public or merged. Do you think that Paris Hilton is really interested in running hotels?
Come to think of it the Frist family is nearly as wealthy as that from its founding stake in HCA. I wonder how much Senator Frist's personal relatives stand to save from this little proposal.
Those pushing for a reduction in the estate tax have certainly been putting up a lot of spin. I try to sort through some of the worst of it in this episode. Between the lifetime gift exclusion and the individual and the basic exemption you have to have a truly huge estate in order to have a chance of being dinged by it. So having Senator Frist talk about how 90 percent of family businesses not last the third generation is silly. Family business don't last three generations because the grandchildren aren't all that interested in running grandpa's business so they have either gone public or merged. Do you think that Paris Hilton is really interested in running hotels?
Come to think of it the Frist family is nearly as wealthy as that from its founding stake in HCA. I wonder how much Senator Frist's personal relatives stand to save from this little proposal.
posted by Daniel Raymond at 4:01 PM
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