That estate tax is sooooo wrong. It belongs to the heirs...not the government....just like SS belongs to the heirs...not the government.
The estate tax is presented to Obama the Great for re-distribution to his loyal followers in the country and media.
I agree. You work like a crazy person, pay taxes on what you earn, save and invest the rest (on which you pay taxes for any earnings) and you can’t even leave it to your kids without the government getting over a third. Lots of folks say that $5 million is more than anyone deserves, thus tax it. But for many small family businesses and farms, it’s not necessarily that much if most of your assets are in land, equipment and goodwill to keep your operation going.