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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been recently reviewed or revised by the author and may be out of date.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).
Summary
More resources:
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