Slog - The Stranger's Blog

Line Out

The Music Blog

« Another Reason to Delete Your ... | Overheard in the Office »

Friday, June 9, 2006

Politics Some Relevant Stats on the Estate Tax

Posted by ERICA C. BARNETT on June 9 at 16:45 PM

Proponents of the estate-tax repeal that was just defeated yesterday argue, among other things, that the tax hurts farmers and African-Americans, because it prevents farmers from leaving the family farm to their kids, and helps perpetuate the income gap between white and black Americans.

Neither of the claims holds water. As the New York Times reported last year, the estate tax only affects 300 farms - and of those, all but 27 left enough liquid assets to pay the tax. And as Think Progress reported yesterday, of the roughly 38 million blacks in America, only 59 will pay the estate tax in 2006.

Permalink

CommentsRSS icon

1

"No Rich Person Left Behind"

Posted by The Peanut Gallery | June 9, 2006 4:56 PM

2

But think of the pain you're going to cause Oprah and Jesse Jackson!

Or something.

Posted by Gomez | June 9, 2006 6:59 PM

3

Where is your compassion for the very rich? For years they've worked hard to offshore or outsource every aspect of production to ensure a maximum take from American consumers, with a minimum giveback. This tax is nothing more than a penalty for being successful at streamlining the delivery of profits into their bank accounts, and nothing could be more anti-American than that.

Posted by Dan | June 10, 2006 7:30 AM

4

Why do they care if there's an estate tax? Don't Republicans think the Rapture is going to happen in a few years anyways? I mean, that seems to be the rationale behind their anti-environmental policies...

Posted by Aexia | June 10, 2006 9:33 AM

5

Fat Cat Democrats (Jay Rockefeller, Warren Buffet, Gates, Soros, Kennedy, Kennedy, Kennedy, Kennedy, & Kennedy) have millions and billions of disposable dollars to hire the best & brightest of tax avoidance talent. Their assets & estates will be protected from the seizures & forfeitures that their death tax will impose on lesser breeds. Is that what you radical egalitarians mean by having the rich pay their fair share?

Posted by Republican Guard | June 11, 2006 1:54 PM

Comments Closed

In order to combat spam, we are no longer accepting comments on this post (or any post more than 45 days old).