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- iHaveNet.com: Politics
by Reader Comments
Those who were involved 10 years ago when this goofy law was enacted wanted to replace the estate tax revenues with a tax on the appreciation in inherited assets ["Lapse of Estate Tax Raises Doubts About Democrats,"].
This was supposed to be a
revenue-neutral tradeoff. The problem was that the
Comment by John of MN
The estate tax is particularly costly to family farms. When an heir has to raise money he has to sell land, reducing the size of his farm or ranch. After several generations of double taxation, we may end up starving when farmers and ranchers cannot provide us with fruits, vegetables, and meat. You can't eat a subdivision.
Comment by Jill of CA
As long as both parties continue to live beyond our means, they will continue to bleed wealth from the people. I'm facing the future situation of losing a family vacation home that my sisters and myself hoped to keep for ourselves and our children. We as a family built it for a bit under $40K, and it has appreciated since 1969 to the point we will be taxed right out of it. Some truly rich person will end up with our hard work because we will not be able to afford the government "hit." Not very American, is it?
Comment by Chris Petty of GA
If Bill Gates and Warren
Buffett thought the
Comment by Walter Leon of TX
It's easy to promote the increase of taxes when you have over a billion dollars that you know you couldn't spend in five lifetimes. For the average citizen being crushed by the burden of taxes, there is no relief in sight. It has been the politicians (both Republicans and Democrats) that have destroyed the future of what was the greatest country on the planet. Zero accountability, zero integrity, and zero leadership is what we have to look forward to.
Comment byJohn Burke of MO
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Evaluating Estate Tax | Reader Comments
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