Estate tax

Reader comment on: The Case Against a VAT

Submitted by ben (United States), Feb 26, 2010 15:20

The tax when someone dies is not on his/her death, it is on the things left behind, called an estate. Thus, it is called (rightly) an estate tax. Getting rid of the estate tax would be a boon to the wealthiest, allowing them to pass on generational wealth to their children, concentrating wealth among the few. This has detrimental effects on social mobility, and ultimately our democracy. With the estate tax at its current level, all but the 2% of small businesses are except.

Note: Comments are moderated by the editor and are subject to editing.

Other reader comments on this item

Title By Date
sales tax [53 words]dominickFeb 28, 2010 08:41
the FairTax is only part of the solution [123 words]MIKE MILLARDFeb 27, 2010 10:59
VAT [104 words]sayreFeb 26, 2010 22:44
⇒ Estate tax [84 words]benFeb 26, 2010 15:20

Comment on this item

Mark my comment as a response to Estate tax by ben

Email me if someone replies to my comment

Note: Comments are moderated by the editor and are subject to editing.