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Death Tax Relief for America's Farmers. All 50 of them. The rest? Bonus!
Quote:
Originally posted by Mmmm, Burger (C.J.)
See, I was spotting you teh $1m exemption. If the tax is an efficient one, and you make a cogent argument that it is (indeed, it is unavoidable and therefore does not create inefficiency, other than the timing of spending). So, I'd say no exemption, 50% all around. Drop the income tax accordingly.
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There's that intuition that children should get to receive some inheritance from their parents. It's hard to justify from an efficiency standpoint, unless you think that most of us will work harder if we know we can leave something to our kids. We know this intuition is a powerful one, because it's what the GOP is using to sell a plan to make rich people much richer.
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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