The tax that won’t die – the house voted today to not let the estate tax expire in 2010 as was intended in 2001. That law had a 1 year window before it reverted to the prior much higher tax.
If Congress doesn’t pass anything, that will incentivize rich people to kill themselves early to save millions or billions in taxes – just think how much richer we’ll all be if rich people commit mass suicide or flee the country with their assets
For those who might have missed the “What is Communism?” “poll”, the stiff tax on inter-generational wealth transfer upon death is one of the key points of Engels’ Principles of Communism.
“Forced loans” is another tactic (sound familiar?)
