Comment

Obama's Democratic Base Unhappy About Deal

146
Obdicut (Now with 2% less brain)12/07/2010 1:01:59 pm PST

re: #143 researchok

Most people of means circumvent those taxes rather easily by way of early gifting, family trusts, estate trusts, etc.

It is entirely true that we also need to simplify our tax code to take out many of the current tax shelters that only benefit the ultrawealthy.

That doesn’t mean my basic point— that the estate tax works very well with a bootstrappy form of capitalism— isn’t true.