Death Tax Issues

Death Tax Issues

Hot damn! I might just go buy a lottery ticket if this actually makes it into law . . . the House has actually taken a step toward ending a tax. not reducing it. Not suspending it. Repealing it. 'Bout time.

FOXNews.com

WASHINGTON — House Republicans, fresh from winning a $330 billion tax cut on wages and investment income, earned another victory Wednesday when the House voted to eliminate estate taxes once and for all. . . .

Seth Goldman, president of Honest Tea in Bethesda, Md., said eliminating the estate tax will create "an entitled class" and suppress entrepreneurship.

"There are those who claim that an estate tax is un-American, but I believe that the idea of an inherited upper-class is un-American," he said.

I am curious as how Mr. Goldman defends the idea of taking a family's hard earned business value from the rightful inheritors of the estate as an "American" ideal. American was founded on the idea that when a man or woman works hard to create something of value, and wants to leave to his or her children, that it should be taken away, in whole or in part, because people like Mr. Goldman think it should be? I doubt the FF had that in mind when they drafted the documents that created our country.