Do we really have that many people who leave behind 2 million dollar estates in this state? While I agree that perhaps 2 million dollars is a bit low considering inflation, the estate tax fuels the creation of charitable foundations and organizations that fund a lot of the charitable work in this country. Avoiding creating a permanent overclass of Paris Hilton-like spoiled children is a nice side effect, too. The federal minimums for estate size, before an estate would have to pay a dollar of estate tax, btw, are $3.5 million and $7 million for single and joint couples respectively. Those numbers make more sense as limits, but I still don’t understand what the uproar about this tax is about… there’s nothing here that affects most people. I don’t understand how it’s a popular issue…
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sujal
09/29/2008
The funny thing is that they used a bunch of lines straight from Palin’s Couric interview.
11:00 pm | 1 comment
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June 13th, 2007 at 8:31 pm
Conceptually, a lot of people probably see it as double taxation.