In America, when a product is faulty, there is a recall. The same should be said for malfunctioning provisions of the tax code. America needs an estate tax recall. Read More
For as long as there have been politicians, they have hidden their true purposes by giving laws names that disguise what they actually do. One such law is the estate tax.
It should be called the “death tax.” Just as a sales tax is paid when somebody sells you something, and an income tax is triggered when you earn income, the death tax comes when you die. So rather than conjure visions of IRS grave robbing, the politicians named it the estate tax. Read More
JackAbramoff once got paid by an Indian tribe to lobby for the reopening of a casino closed by a previous Abramoff lobbying effort. In the current debate over taxes, the life insurance lobby is pulling a similar stunt: Fighting to preserve tax-free death benefits as key to protecting family businesses while also lobbying to reinstate a 45 percent estate tax. Read More