Do you think beleive that estates should be taxed upon the death of the estate holder? The argument that you keep what you make is obvious. The argument in favor of the tax is as followsThe estate tax in the United States is a tax imposed on the transfer of the "taxable estate" of a deceased person, whether such property is transferred via a will, according to the state laws of intestacy or otherwise made as an incident of the death of the owner, such as a transfer of property from an intestate estate or trust, or the payment of certain life insurance benefits or financial account sums to beneficiaries.
So what do you think?Proponents of the estate tax argue that it serves to prevent the perpetuation of wealth, free of tax, in wealthy families and that it is necessary to a system of progressive taxation.
Something I found interesting is that the exclusion amount has risen 640% while the rate it is taxed at has gone down by 15 points over the last decade.
