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Dogs Inherit $800,000

Saturday, December 29, 2007

Three dogs in Maryland inherited an estate worth $800,000 after their rich owner died. The dogs are in the care of a caretaker.

http://cnews.canoe.ca/CNEWS/WeirdNews/2007/12/29/4744983-ap.html

I know the federal government imposes an inheritance tax, but can they tax dogs, being that dogs are property, not people?

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3 Comments:

  • thats cool lucky dogs but they deserve that and more!!!

    By Anonymous Anonymous, at 1:40 AM, December 30, 2007  

  • Very tricky question indeed! first there is a difference between INHERITANCE tax (State) and ESTATE tax (federal) Estate tax doesn't kick in until the estate is over something like $ 1million.
    Then there is the fact that they aren't your average taxable citizens, and then you have to see about how it was left for them.. A trust fund, cash in the bank, stock options... Good luck to the lawyers involved!

    By Anonymous Anonymous, at 4:35 AM, December 30, 2007  

  • I'm glad to know the dogs got the inheritance, along with such a kind caretaker. I'd rather leave my dogs everything I own than to see anyone else get anything. Unlike people, dogs are loving and faithful.

    By Anonymous Anonymous, at 3:00 PM, December 31, 2007  

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