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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (48954)	1/12/2012 2:24:41 PM
From: TimF	Read Replies (2) \| Respond to of 71588

Estate and gift taxes combined 2006 - $26.1 billion 2007- $26.0 billion 2008 - $25.7 billion 2009 - $26.3 billion Also the estate tax is estimated (by Alicia H. Munnell, a former Federal Reserve economist who served on President Clinton's Council of Economic Advisers) to cost about a dollar in compliance cost for every dollar in revenue. And you would have a smaller figure in enforcement costs (probably only a few pennies per dollar) and all the direct costs and indirect economic distortion created by the attempts to avoid it. Its one of the least efficient taxes the federal government has.