Obama Administration opposes

The Founding Fathers established the estate tax to ensure that wealth would not accumulate over the generations, believing aristocracy and money go hand in hand and are anathema to democracy.

12 opposers found this helpful.

The so-called death tax affects only the most wealthy of families. It applies only to estates that are valued in excess of $5 million.

Our founding fathers were rightly concerned about accumulated wealth and the resulting accumulation of power. A tax on huge estates is not only a fair way to raise funds, but it helps to avoid such growth of wealth and power across generations.

12 opposers found this helpful.

IRS: “Only total taxable estates and lifetime gifts that exceed $1,000,000 will actually have to pay tax. In its current form, the estate tax only affects the wealthiest 2 percent of all Americans.”

11 opposers found this helpful.

What many people don’t get about the death tax is that- as it Currently stands- it only touches people who have estates worth over 4 million dollars. There already are farm & business loopholes (where the tax can be paid over an extended period of time). Through any prudent estate planning the death tax should only significantly affect the wealthiest 1/2% of Americans. Say NO to Paris Hilton!

4 opposers found this helpful.

You’re being scammed by Karl Rove’s verbiage.
The 9th gave you the web page, read it before you endorse this Priority. PS: Here’s the IRS quote: “In its current form, the estate tax only affects the wealthiest 2 percent of all Americans.”
Here’s the direct link to the page:
http://www.irs.gov/businesses/small/article/0,,id=164871,00.html

6 opposers found this helpful.

The name Death Tax is a lot like the name life insurance, both are not what they sound like. Your life insurance does not keep you alive. And, if you don’t tax the rich dead person, then you have to tax the poor living person.

4 opposers found this helpful, 1 didn't.

A better name is Alive and Kicking Tax

My point is that people who keeps saying that it is a tax on the rich dead and do not think about where the money comes from if the rich dead people are not taxed are people who put there heads in sand.

1 opposer found this helpful.

It’s actually sad to see that there are currently 2350 people endorsing this. They’re mistaken in their belief that it would actually affect them personally. I doubt any of them would ever be affected by the Estate Tax. But, they can keep deluding themselves that ‘someday’ they’ll have to worry about it.

3 opposers found this helpful.
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