It hurts communities while not even being an effective revenue generator.
‘We have been thinking about that’
‘This is not true.’
Republicans still wary of signing anything supported by President Trump
Said he could save ‘billions’
More regulators and a death tax hike spells bad news for the elderly.
It’s all up to leadership now
Harry Reid is unlikely to allow a vote on the measure.
The real-life estate was once taxed at a half-million pounds. But death taxes don’t just hurt the rich.
The tax was enacted in 1916 to help finance World War I.
Currently, the tax has a $5 million exemption with all estates valued higher than that being taxed at 35 percent
Ultimately, the death tax is about social engineering and confiscatory wealth redistribution.
Democrats want to raise the death tax rate to 55 percent and apply it to more estates.
2013: A very bad year to die - TheDC
If the current ‘death tax’ expires, 13 times more households will have to file for the tax in 2013
With January expiration of Bush tax cuts, estate tax set to rocket to 55 percent in January
Nebraska to hold hearings on on estate tax, governor backs abolition
Republican exec makes overtures to conservatives, but falls short of repeal favored by state GOP
Trade group urges Tenn. governor to support Republican-backed plan to eliminate postmortem tax on estates