I can guarantee you that Bill Gates will not be paying 45%, or 35%, of his wealth to the government when he dies.
Nobody who is the “wealthiest” pay this tax. The tax is paid by people whose “wealth” is tied up in businesses that would have to be liquidated.
The death tax is wrong, it’s simply wrong. You work your whole life, build a little pile of cash, you want to pass it on to your family, but instead, a bunch of strangers need to be paid off first? How is that fair? What gives them the right to my money? They got their cut every step of the way while I was building my little pile. Now I die, and they want yet another cut, and not a small one either.
Schakowsky (D) from IL, repeating that lie about the Walton’s paying this estate tax. You’re right, Sam Walton ain’t paying 45% on his estate....