Estate tax goes up to 35 percent. Inherit the family business, sell it and give that SOB half.
This is what you get when you elect a communist organizer. More Unemployment, more lost jobs, more lost business.
Fidel Castro in a suit and tie.
Without an estate tax of some kind, in 50 years 1% of the population would have 95% of the money. I don’t agree that a death tax is a bad thing. I have no idea what it should be and when it should kick in, but without it the wealth of a nation will slowly but surely become concentrated in very few hands. It is designed to stop us from becoming like Mexico, where the vast majority of the countries money is held by less than 2000 families. It is not a bad thing, we just do it badly.