$3 million tax cut on Larry Ellison's estate
Posted on 03/27/2008 9:23:03 AM PDT by BurbankKarl Larry Ellison, ranked 12th on the Forbes 500 list with a net worth of $25 billion, has bagged a $3 million tax break after arguing that his flamboyant ... via Free Republic
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#2 Mar 30, 2008
Good for him, if he can maybe the rest of us can too.
#3 Apr 1, 2008
That is the problem here - the belief that the "haves" should pay more. The report is that the assessed value was based on "replacement cost", which is ridiculous - homes are and should be taxed on their value. If he spent $200M and no one in their right (or otherwise) mind would pay $200M then the taxed value should be what someone would pay!
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