I. Richard Gershon, University of Mississippi School of Law, has made available for download his paper, “The Socio-Economics of the Federal Estate Tax: Why Do So Many People Hate (or Love) this Centenarian?” The abstract is provided,
The federal estate tax has faced many detractors during its almost 100 years of existence. While the tax affects only a very small percentage of estates, many have called for its repeal. This Essay discusses the socio-economic reasons why the estate tax should be maintained. The tax is an important source of revenue, and it helps to rectify the growing issue of wealth and income inequality in the United States.
Posted by Allison Trupp, Associate Editor, Wealth Strategies Journal