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Politics : Foreign Affairs Discussion Group
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To: bentway who wrote (188967)6/9/2006 11:58:32 AM
From: michael97123  Read Replies (2) of 281500
 
Heard someone on bloomberg yesterday make the case that repeal of the estate tax would actually increase tax collections as rich folks would have no way to shield their cap gains which would have to be paid when money passed sans estate tax to heirs. According to him there is more to get from declared cap gains than from estate tax formulas.
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