WHEN Congress comes back from its summer recess, one of the first things Senate Republicans will try to do, again, is kill the estate tax.
A major harm of repealing the estate tax that is not mentioned here is the huge amount of money that will be sucked out of things like university endowments, etc, as a result. As it stands, folks "might as well" bequest money to these things because it'd be taxed away otherwise. Death Tax? Double Tax? For Most, It's No Tax |