re: #114 kirkspencer

This was, during the 19th century, the reason for the estate tax.

Consider that anything less than a million is untaxed. Then consider how much screaming there is about 50% on everything above that amount. “Oh, dear, the dependents will be out on the street if kept to a mere million.”

/spit

Actually it’s now anything less than 5.35 Million.

But what I find amazing is the number of people on the right who think the rich are taxed too much, and that both capital gains and estates should not be taxed AT ALL!!!!

And somehow, they claim, this will lead to wealth for all.

Imagine an America in which there is NO tax on capital gains, NO tax on dividends, NO tax on estates. Absolutely nothing to stop the concentration of wealth, and indeed, much, much higher tax rates for the nonwealthy.