Comment

South Bay Poles

665
subsailor682/01/2010 10:46:35 am PST

re: #640 Olsonist

Yes, it is a fairness issue. Income is income whether it comes from a rich daddy or a blue collar job.

I don’t disagree with your point. My point is that the estate tax is a political tool. If, for example, I earn $100,000 and the income tax on that is levied at 20% (just for illustration purposes), but if I inherit $100,000 and the estate tax levied is at 55% — that isn’t a tax policy, that’s a social policy. The same amount of money taxed at two rates based on what someone - generally politicians - thinks is “fair”.