Over at Pesky’Apostrophe, ‘mac’ discusses why estate taxes are a good thing, why the repeal of this sort of tax is not a bad thing; how it only affects those individuals with an estate valued over $1.5 million which amounts to just 2% of the population. By cutting out the $982 Billion that will come from the so called ‘death tax’, the state will struggle to continue paying for the $150 million spent in Iraq each day or the Billions each year that Medicare costs and will have trouble funding the myriad other income drains that face a country. The question really is, why would anyone want to repeal the estates tax? What is it that would be improved by not taxing the very most wealthy people just after they’ve died. This isn’t hurting working families, this hits the really really rich who can afford to pay just a little of their wealth.
But I’m open to ideas, I’m not entirely convinced.
More reading needed.
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