Sunday, July 02, 2006

Uncle Sam Tries to Eat Squam Lake

According to the Union Leader, the United States Government (aka Uncle Sam) was holding a 600-acre plot of land at Squam Lake for ramson, pending payment of a huge estate tax bill by the children of Walter Koeing.

Fortunately, the Squam Lakes Conservation Society came up with the cash.

The Union Leader article goes on to say, "Open space is one of the prime victims of the estate tax, which forces heirs to sell land to developers just to pay Uncle Sam. It’s time this destructive and unnecessary tax met its demise. The longer it survives, the more land will be needlessly lost. "

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