It looks like the tax plan moving through Congress will not abolish the estate tax but instead double the wealth exempted by the tax. This is a victory for our Defend the Estate Tax campaign. But it is still ridiculous that Congress is putting a priority on doubling the wealth exempted by the estate tax from $11 million for a couple to $22 million. The … Continue reading Patriotic Millionaires– Not Morons– Pay Estate Taxes
Gary Cohn, the director of the National Economic Council was just on CNBC talking about the necessity of repealing the estate tax. Mr. Cohn said: Well, look, we want that farmer to go out and buy the next piece of land, and the next piece of land, and the next piece of land, and create the economies of scale and be able to compete in … Continue reading Pearls of Wisdom: Does Gary Cohn Even Understand the Estate Tax
I don’t need a tax break for my estate tax, and my kids don’t deserve to be pawns (or kings) in the divisive game already played by the super-rich.
The President’s plan to repeal the estate tax isn’t just bad tax policy, it’s un-American.