EE educations, worldwide?

[John Larkin]

John Larkin [email protected] posted to
sci.electronics.design:

Jim Thompson [email protected] posted
to sci.electronics.design:

On Thu, 27 Sep 2007 16:45:01 -0700, John Larkin

On Thu, 27 Sep 2007 22:44:09 GMT, Joerg

[snip]

Or they die because of death taxes. IIRC that's what wiped out
Sam's Town. You might remember it from drives up to Tahoe, on the
right side, Cameron Park exit. It was "the" place to stop for
lunch for families with kids and tour buses.

The inheritance taxes are insane, and it takes a lot of bizarre,
expensive planning to dodge them, life insurance and charitable
trusts and all sorts of crazy schemes. The inheritance tax is the
perfect mechanism for killing US businesses.

[snip]

Of course the Democrats want to roll-back to previous rates (as in
INCREASE) the "death tax".

The real trick is to transfer as much wealth as possible to your
children BEFORE you die.

Is there ANY Democrat here (setting aside any of your pansy war
issues) that believes that Democrats are better for the economy
than Republicans?

...Jim Thompson

Personally i am decidedly against large inherited wealth. It
corrupts your children, helping them to think that the wealth was
their own
creation when it was yours. It is far better to sell the company to
the employees, most of whom have contributed to it's success.

The tax laws make that difficult. The employees won't have enough
cash to buy the company at the appraised price, and The Brat will
still have a tax liability that exceeds her liquid assets.

All the assets I have have already been taxed. Taxing them again is
just destroying a productive business and killing jobs.

John

1. You sell it to all the employees, on "a levereged buyout".

That's a possibility. I'm not sure it's "leveraged."

2. You are still having way too much fun to sell today. Wail till
later.

Absolutely. But I do have to worry about The Brat if the #14 bus
smacks me on my morning latte walk. Worst case, she'd owe a lot more
taxes than she can possibly pay. So her only recourse would be to deny
the inheritance, or give it to the SPCA; at least they'd let her do
*that*.

3. Tell your company that is what the plan is, with that motivation
they will usually start saving.

We could make a deal that they buy it for some fraction of the gross
profits for some number of years, with the company bonusing them
enough that it really doesn't cost them anything. That would be fine,
but the IRS might decide that the transaction has some
net-present-value and demand a heap of taxes on the spot. So we could
start a "nonprofit charitable foundation" to buffer the bucks. So if
you hire enough planners and lawyers, you *can* pretty much evade the
inheritance taxes... so we should just abolish them and save a lot of
hassle.

Except that most Congressmen are lawyers.

John

 

[David L. Jones]

Let's say for instance that you have a friend or co-worker who has a
son/daughter who's interested in studying abroad (outside of the USA),
in electrical or computer engineering.

Where are the better schools?

Does it matter?
Go for the lifestyle option, come to Australia, plenty of beer to go
around.

Dave.

 

[Michael A. Terrell]

Does it matter?
Go for the lifestyle option, come to Australia, plenty of beer to go
around.

You still have that nasty Allison infestation, though.


--
Service to my country? Been there, Done that, and I've got my DD214 to
prove it.
Member of DAV #85.

Michael A. Terrell
Central Florida

 

[Jim Thompson]

On Mon, 01 Oct 2007 20:48:30 -0700, John Larkin

[snip]

Absolutely. But I do have to worry about The Brat if the #14 bus
smacks me on my morning latte walk. Worst case, she'd owe a lot more
taxes than she can possibly pay. So her only recourse would be to deny
the inheritance, or give it to the SPCA; at least they'd let her do
*that*.

[snip]

We had a famous artist here in AZ....

http://degrazia.org/Splash.aspx

When he determined that he was about to die, he and his children
burned his unsold paintings to avoid inheritance taxes :-(

...Jim Thompson

 

[John Larkin]

On Mon, 01 Oct 2007 20:48:30 -0700, John Larkin

[snip]

Absolutely. But I do have to worry about The Brat if the #14 bus
smacks me on my morning latte walk. Worst case, she'd owe a lot more
taxes than she can possibly pay. So her only recourse would be to deny
the inheritance, or give it to the SPCA; at least they'd let her do
*that*.

[snip]

We had a famous artist here in AZ....

http://degrazia.org/Splash.aspx

When he determined that he was about to die, he and his children
burned his unsold paintings to avoid inheritance taxes :-(

Yeah, but he didn't have 16 employees. The government would rather
destroy a business, and have all the people go on unemployment, than
to allow "family wealth" to remain un-double-taxed.

John

 

[John Larkin]

Does it matter?
Go for the lifestyle option, come to Australia, plenty of beer to go
around.

Yeah, but most of it is Foster's.

John

 

[Martin Griffith]

Yeah, but most of it is Foster's.

John

That is quite uncivil, you have Bud, the fake one.

http://www.time.com/time/world/article/0,8599,1665615,00.html

But the Land of Oz is expecting temperature increases of 5C in the
near future, and has serious water shortage problems, so a place to
miss, unless you bray......


Martin

 

[John Larkin]

That is quite uncivil, you have Bud, the fake one.

http://www.time.com/time/world/article/0,8599,1665615,00.html

Oh, Bud is certainly swill. It's reportedly brewewed from rice, which
would make it not even beer. But Foster's is pretty bad too, at least
the version they ship here. Some of the aussie wine is quite good, but
I hear they play games with it. Like if they want "oak", they shovel
in a bunch of wood chips.

But the Land of Oz is expecting temperature increases of 5C in the
near future, and has serious water shortage problems, so a place to
miss, unless you bray......

Why is it expecting +5C? Are their weather forcasters better than
ours? Ours can't predict the weather 12 hours from now.

John

 

[JosephKK]

John Larkin [email protected] posted to
sci.electronics.design:

John Larkin [email protected] posted to
sci.electronics.design:

On Sat, 29 Sep 2007 21:50:55 -0700, JosephKK

Jim Thompson [email protected] posted
to sci.electronics.design:

On Thu, 27 Sep 2007 16:45:01 -0700, John Larkin

On Thu, 27 Sep 2007 22:44:09 GMT, Joerg

[snip]

Or they die because of death taxes. IIRC that's what wiped out
Sam's Town. You might remember it from drives up to Tahoe, on
the right side, Cameron Park exit. It was "the" place to stop
for lunch for families with kids and tour buses.

The inheritance taxes are insane, and it takes a lot of bizarre,
expensive planning to dodge them, life insurance and charitable
trusts and all sorts of crazy schemes. The inheritance tax is
the perfect mechanism for killing US businesses.

[snip]

Of course the Democrats want to roll-back to previous rates (as
in INCREASE) the "death tax".

The real trick is to transfer as much wealth as possible to your
children BEFORE you die.

Is there ANY Democrat here (setting aside any of your pansy war
issues) that believes that Democrats are better for the economy
than Republicans?

...Jim Thompson

Personally i am decidedly against large inherited wealth. It
corrupts your children, helping them to think that the wealth was
their own
creation when it was yours. It is far better to sell the company
to the employees, most of whom have contributed to it's success.

The tax laws make that difficult. The employees won't have enough
cash to buy the company at the appraised price, and The Brat will
still have a tax liability that exceeds her liquid assets.

All the assets I have have already been taxed. Taxing them again
is just destroying a productive business and killing jobs.

John

1. You sell it to all the employees, on "a levereged buyout".

That's a possibility. I'm not sure it's "leveraged."

2. You are still having way too much fun to sell today. Wail till
later.

Absolutely. But I do have to worry about The Brat if the #14 bus
smacks me on my morning latte walk. Worst case, she'd owe a lot more
taxes than she can possibly pay. So her only recourse would be to
deny the inheritance, or give it to the SPCA; at least they'd let
her do *that*.

3. Tell your company that is what the plan is, with that motivation
they will usually start saving.

We could make a deal that they buy it for some fraction of the gross
profits for some number of years, with the company bonusing them
enough that it really doesn't cost them anything. That would be
fine, but the IRS might decide that the transaction has some
net-present-value and demand a heap of taxes on the spot. So we
could start a "nonprofit charitable foundation" to buffer the bucks.
So if you hire enough planners and lawyers, you *can* pretty much
evade the inheritance taxes... so we should just abolish them and
save a lot of hassle.

Except that most Congressmen are lawyers.

John

You are getting the picture. No go talk with an financial planner and
an estate lawyer. Just to clarify your particular picture and get
study materials. And be careful until you make some better
arrangements.