Put another way

Reader comment on: David Koch on Taxes and Ballet
in response to reader comment: Not the same.

Submitted by ben (United States), May 17, 2010 15:34

let's assume that in planning a will, a person wants to minimize his tax bill. We can both agree on that. If the charitable gifts are tax exempt, but not gifts to heirs, then the higher the estate tax the more attractive charitable gifts are relative to heirs. Why? Because the person has retained more control over his money and where it goes. Those are the only choices the person has in his will.

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The Future of Capitalism replies:

I agree. Why wouldn't it also be the case that if the charitable gifts are tax exempt, but not saving or spending, the higher the income or cap gains tax the more attractive charitable gifts are relative to saving or spending?

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Other reader comments on this item

Title By Date
Dittos on Your Comments [57 words]JuddMay 17, 2010 17:43
estate tax and income tax are different
[w/response] [54 words]		benMay 17, 2010 11:14
↔ Not the same.
[w/response] [167 words]		benMay 17, 2010 12:55
↔ ⇒ Put another way
[w/response] [74 words]		benMay 17, 2010 15:34
↔ It would be to a point
[w/response] [468 words]		benMay 17, 2010 20:54
↔ Let's go with the 90% on the estate tax
[w/response] [271 words]		benMay 17, 2010 22:43
↔ I have seen the light
[w/response] [104 words]		benMay 18, 2010 08:25

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