Saturday, January 2, 2010

Death Tax Holiday

There is no Estate (Death) Tax this year. No matter how much you make, you can give it all to your benefactors if you die this year, unlike last year or next year when, say, you leave $10 million to the kids, the government will take at least 40%. Just like that. BAM. Not as much money.

Granted, the Estate Tax applies to roughly 1% of the American population. But that then makes them a minority and we love minorities, right? The typical argument for the Estate Tax uses that figure and says, What's the big deal? It's only like a couple of people? Hmm, let us not confiscate property because it only affects a small number of people.

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