The stock answer is that these companies hire employees
and often have to lay them off when the Estate Tax Bills are delivered. Also, this would help un-twizzle a big chunk
of the Tax Code. Another answer could be
more strategic.
When the Income Tax Act was passed in 1913, US
millionaires set up Foundations and contributed large portions of their estates
to these Foundations. Marxists quickly took over these Foundations and funded
initiatives to aid in the Communist takeover of the U.S. and It’s still going
on. Bill Gates is using his fortune to
further damage US education with Common Core.
It could be, that Republicans have identified the Estate
Tax as the Marxist Foundation spawning machine. If so, I apologize for thinking
my Non-Marxist Republicans were totally inept.
The Estate Tax is a totally family unfriendly law. I would rather let the “rich” keep their own
money tax free to give to their families.
I’m sure there are legions of life insurance companies and estate
planning lawyers who would object…not my problem.
Norb Leahy, Dunwoody GA Tea Party Leader
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