Jacob Weisberg creates argument to eliminate Death Tax!

…  he just doesn’t seem to realize it.  Thrashing around to find some way in which “Republicans want to pull the plug on Granny”, he comes up with this:

The estate-tax revision [Sen. Grassley] championed reduces the estate tax to zero next year. But when the law expires at year’s end, the tax will jump back up to its previous level of 55 percent. Grassley’s exploding offer has an entirely foreseen if unintended consequence: It’s going to encourage those whose parents and grandparents are worth anything more than a million bucks to get them dead by midnight on Dec. 31, 2010. This would be a great plot for a P.D. James novel if it weren’t an actual piece of legislation.

Uncle Sam Reaper

There’s an obvious fix to this problem, of course…. keep the death tax at zero.  After all, the “motivation” embedded in the current law is that there is a .. ahem … Drop Dead Date on the last day of 2010.  Keep the rate at zero  … and the problem no longer exists.

1 Comment

  1. 2009/09/10 at 5:16 am

    Cool site, love the info.

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