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

To: TimF who wrote (48962)	1/12/2012 2:44:25 PM
From: TimF	Respond to of 71588

And that low level of revenue, is not for the estate tax but for both the estate and the gift taxes combined. And the real revenue is left since there is a step up in basis on inheriting, subtracting those lost capital gains taxes leaves the government with even less revenue. Consider all those factors, and all the direct and indirect cost the estate tax imposes, it wouldn't surprise me if it generated one dollar in additional revenue for every $10 of cost to society. In fact its even possible that the net revenue to the government of the tax is actually negative.