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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

The author is paid for product endorsements and has an ownership or other financial interest in the businesses related to the topics covered.

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Return of the estate tax

originally posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If in doubt, please send a new question or ask for an update.

Q: Should I expect the estate tax to return after 2010?

A: No one knows for sure whether the estate tax, also referred to as the “death tax” or “taxation without respiration” will return to our tax system. We have had an estate tax for most of our country’s history but it has phased out in recent years. Congress may or may not reinstitute the tax. Even if the estate tax does return, there is strong and growing support for reduction of all tax rates in order to raise overall tax revenue for the government. (Yes, this sounds counter-intuitive but is a basic principle of free market macro-economics that lower tax rates actually increase the total tax revenue collected by a government).


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