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To: Your Nightmare
You estate tax example is meaningless. In 2003, estate tax collections were only $20 billion. That is insignificant in our economy.

Then why don't they get rid of the dang thing?

174 posted on 04/04/2005 7:27:19 AM PDT by rwrcpa1 (April 15. Let's make it just another day.)
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To: rwrcpa1
Then why don't they get rid of the dang thing?
They are.

What's interesting is that the FairTax would function as an estate/inheritance tax for most people. People who inherit money would have it taxed when they spend it. The "real" value of an inheritance would be reduced by 23%. This wouldn't happen with a flat tax.
175 posted on 04/04/2005 8:23:09 AM PDT by Your Nightmare
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