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Friday, 31 May, 2002

Heart of Cheapness: "Let's do the math here. An estate tax with an exemption of $5 million would affect only a handful of very wealthy families: in 1999 only 3,300 estates had a taxable value of more than $5 million. The average value of those estates was $16 million. If the excess over $5 million were taxed at pre-2001 rates, the average taxed family would be left with $10 million - which doesn't sound like hardship to me - and the government would collect $20 billion in revenue each year. But no; the whole tax must go"

An excellent op-ed. 2:36:56 PM