- April 26, 2006 • 8:26 am PDT
- + responses
The estate tax is one seriously hard nut to crack. On one hand, if people make money, or own property, they should be allowed to pass it on to their children. On the other hand, if you have 100 billion dollars, why not be a sport and give a chunk to the government when you die. It'll only help you get to heaven, and your kids can scrape by on 50 billion or so. It'll be rough for them. We say this because we just discovered that the campaign to end estate tax (or, you know, death tax), has been largely financed by 18 of some of the richest families in America. They've spent nearly $250 million to help repeal the tax. This is because they'd be due to pay, in total, $71.6 billion in taxes at their death. Which would leave their heirs with the paltry sum of $113.9 billion dollars left to play with. Rough life.
Via Think Progress
And, above, a map of the country's billionaires. So you know where to go when the revolution starts.
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