Favor of the Estate Tax

This value plays an unobtrusive fictitious character in breaking up concentrations of wealth by generating bullion for charities that they would otherwise not have access too. In essence, it encourages philanthropic gift and giving to charity. With the tax protections given to the contributions made to charitable organizations res publica and gift taxes are expected to rise with the re-instatement of the tax. A hear by the Treasury Department of the US under the Clinton garbage disposal found that a repeal of the state impose would in reality cost charities $5-6 Billion annually. They also indicated that bequests would reduce 12% the commencement year and significantly decline thereafter. Additionally, a cut in Estate taxes would generate a decrease in national funds for federal programs, thus increasing the gap amid haves and have-nots. Less charitable contributions results in less private ft giving as well. A Repeal would adversely shock absorber the capacity of non-profits to carry out their missions.

ARGUMENT 3 The Estate Tax affects everyone, the poor more so than the rich.

The Estate Tax is not a low-exemption, flat-rate state tax that everyone is required to pay. It affects just those with extremely large estates.

Most people do not have estates falling within a wealth take aim requiring payment of the tax. Proponents in favor of the repeal often restate how the tax punishes the man who saves to provide for his children. They argue that i

ARGUMENT 5 The Estate Tax does not affect the federal government.

nherited wealth is unearned, unfair and provides advantage to those who clear it. It ultimately imposes a tax on income derived during life that 'escaped' revenue enhancement otherwise.

In 1997, with a combination of permitted exemptions, deductions, and credits the average estate of the 2% paying taxes paid an average effective tax rate of only 17%.

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