In Forbes, Matthew Campione
argues that after the past 10 years of fluctuations, the federal estate tax
system should be repealed. He notes that there have been many loopholes that
the wealthy can utilize to avoid paying the tax, and also that the tax only
generates about 2% of all annual federal revenue. Mr. Campione closes by
arguing that taxpayers should pay more in income taxes for capital gains and
qualified dividends as a trade-off for repealing the estate tax.
See Matthew Campione,
"Repeal
of Federal Estate Tax Long Overdue," Forbes.com (Nov. 17, 2011).
Posted by Andrew Hodes, Associate Editor, Wealth Strategy Journal.
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