Chuck Collins: Resurrect the Estate Tax by Self-Employment Tax

Fri, 03 Sep 2010 02:00:03 -0500

Chuck Collins: Resurrect the Estate Tax

by Self-Employment Tax @ Fri, 03 Sep 2010 02:00:03 -0500

Exactly, the tax deal was Social Engineering, there was a decision that we should be saving more, (our savings rate dropped 5% went FICA went from 2% to 7%.) and investing. So the increase in wealth would be taxed only at the time of devolution (sale or .... Bring back the estate taxes up to 70% on all estates greater than $3 million; the tradeoff between the untaxed inherited wealth and the funds needed to keep our education system going at current levels is telling. ...

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