Thursday, August 09, 2012

The Estate Tax Canard

Ezra Klein looks at who actually paid the tax when it was last in place.  The answer: very few.
So if you hear politicians worrying about the 55 percent rate, remember that when it was last in place, fewer than 5,000 people were affected every year. It’s simply not that big a part of the tax code, and the idea that “millions” of families and small businesses would be affected by a return to Clinton rates is just plain wrong.

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