Thursday, April 2, 2009

Estate Taxes

This editorial pokes a little fun at the estate tax. The title "Spend It in Vegas or Die Paying Taxes: A 0% Tax on Carousing, but 55% on Thrift" is quite descriptive and drives home the point. The money quote is:
To counter the fact that economists such as I obsess about the deleterious effects of the estate tax, advocates of the estate tax note with some pride that 98% of Americans will never pay this tax. Let's make it 100%, and I'll get off my soapbox.
Something non-bailout to ponder.