Friday, August 04, 2006

The Paris Hilton Tax Cut


Marrying the elimination of the estate tax to an increase in the minimum wage is unconscionable. It is another bait and swich proposal and bamboozels the American people. It is the story of Robin Hood--in reverse--it steals from the poor and gives to the rich. Lets compare the two proposals:

Read Christians Burridge's No Multi-Millionaire Left Behind

2 comments:

Anonymous said...

Does the elimination of the death mean that no taxes will ever be paid on those assets......... NO!

Coupled with the elimination of the death tax is also an elimination of the stepped up cost basis of assets. This means that if a tax has not been paid on the asset it will someday have to be paid.

What's more fair tax something that has already been taxed once and let billions that have never been taxed avoid taxation or tax everythng once?

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