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

To: DuckTapeSunroof who wrote (48972)	1/13/2012 2:48:01 PM
From: TimF	Read Replies (1) \| Respond to of 71588

(I still, given by druthers, would rather see taxes assessed when estates change hands rather than on weekly or monthly paychecks.) I wouldn't. In principle because its double taxation. In practice because it just doesn't work. The practical reason is a lot more important for me in this case. The direct revenue is small, and considering the indirect effects it may be negative (or at least it's tiny), so its possible that the inheritance tax causes even more to be taken out of weekly or monthly paychecks. Even if that's not the case the increased economic distortion and inefficiency, harms the paychecks more than any minor amount that taxes theoretically might (but probably wouldn't) increase if the inheritance tax was repealed.