Quote Originally Posted by Koga No Goshi View Post
I think I am a bit confused, perhaps because we have so fewer really old things in America. Are you talking about things along the lines of, declaring something a historical treasure?

Regarding estate tax, you said you disagree. I'm just curious what exactly your view on it is. Any money passed along upon death of its owner should be tax free? Or something more complicated? Bear in mind that in the U.S., I believe at the moment, estate tax doesn't hit any estate passing along less than 2 million in assets. And that level might very well be raised sooner or later because depending on where you live, one house and a decent amount in retirement money might come up to near 2 mil. I wouldn't be surprised to see it raised to 3 or 4 mil sometime soon, and that would be fine with me. But the idea of passing along 10, 20, 50 million to your kids and they pay no tax on it, I don't agree with. If I go out and earn $100,000 I pay tax on every penny. It should be at LEAST the same case if someone is being handed it for free.
I promise I will respond to this Koga, but for now I have to fly to London. I'll give your post the consideration it deserves later tonight or on the morrow.