Quote:
Originally posted by Penske_Account
I don't want to pay tax attorneys and financial planners. Its a zero sum game. Either I pay the government or the private sector. Either way it is a drag on the efficient and prodcutive use of the money. I would rather see the tax gone, the estate tax avoidance people put out of business and then have the money go into investment in the economy or at least into the economy in the form of useful consumption, i.e. not consumption of tax avoidance schemes.
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A lovely thought. Unfortunately, it is wrong-headed and against your self-interest. Odds are very rare your estate will be subject to the estate tax. However, it is a virtual certainty that with the estate tax eliminated, you will pay more taxes over your lifetime due to an increase in the income tax to make up the estate tax shortfall.
Spending cuts will make up the difference you say? Ha ha ha. You have had Bush in office for nearly five years now. Try shitting in one hand and putting the dollars from spending cuts in the other. See which hand fills up first.
