There's Nothing Good About The Estate Tax

Jul 1, 2005 12:00 PM

H. Amos Goodall, Jr., author of the May issue's “The ‘Death Tax’ Is a Good Thing,” is dead wrong to oppose a permanent repeal of the estate tax.

For the fourth time in as many years, the House of Representatives on April 13 did exactly the right thing: voted to permanently repeal the estate tax. Now we'll see if the Senate has gained similar intelligence over that same period. Certainly, the American public has come to its senses. A February 2005 bipartisan poll by Global Strategies Group/Luntz Research Companies (available at www.policyandtaxationgroup.com) found every sector of the U.S. electorate decries the “death tax”, using those exact words; death tax is no longer just a Republican label. This poll found that about 70 percent of every demographic supports permanent repeal. In other words, the overwhelming majority of Americans who will never inherit a thing also feel this tax is just dead wrong.

T&E Premium Content

To read the rest of this article, please login to our Premium Content section:

Registered Web Site Users
User Name:
Password:
Remember Me

Note from the Editor

Rorie Sherman, Editor in Chief

Trusts & Estates is the town center where experts who serve the planning needs of the ultra-wealthy gather to gain insight into their specialties and to learn about related professions. Community members include estate-planning lawyers, corporate and individual trustees, financial planners, accountants, investment advisors, charitable giving specialists, family office executives, insurance agents, valuation experts and the like....More about us



T&E edit guidelines / T&E advisory board members