Latest State-by-State Estate Tax Data Show Why We Need a Strong Estate Tax

Source: Citizens for Tax Justice, December 2, 2009

From the summary:
The House of Representatives plans to take up a bill (H.R. 4154) this week that would make permanent the estate tax rules in effect in 2009. On the spectrum of “good policy” to “bad policy,” this proposal falls somewhere in the middle. On one hand, it would be a tax cut of hundreds of billions of dollars for families who pass millions of dollars on through consecutive generations. On the other hand, it would prevent the estate tax from disappearing in 2010 and could make lawmakers less tempted to make permanent a repeal of the estate tax or to cut it more than it has been cut as of 2009.

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