Sunday, December 6, 2009

estate taxes and sheep testicles

The Estate Tax Battle: Who’s Winning?:
18 super rich families that stand to save over $70 billion if the estate tax goes extinct have spent tens of millions of dollars on estate tax repeal. Those dollars have not bought exactly what the rich wanted.

Those dollars, on the other hand, have bought America’s wealthiest households enormous tax relief. For every $100 million in estate tax liability, wealthy families will pay, if the 2009 estate tax rate does become permanent, $10 million less in taxes than they would have at year 2001 rates.