The Austrian Economics Wiki - User contributions [en]

Estate tax

2010-11-12T02:12:30Z

Markhu:

In the early 1900's, when politicians became enamored of socialism, the estate tax was heralded as an equalizer. President Theodore Roosevelt endorsed an inheritance tax whose "primary objective should be to put a constantly increasing burden on the inheritance of those swollen fortunes, which it is certainly of no benefit to this country to perpetuate." Roosevelt would later say that the tax should be directed at "malefactors of great wealth, the wealthy criminal class."

"The Revenue Act of 1916 brought back the estate tax and introduced a new tax, the modern-day income tax. Unlike its predecessors, this estate tax would be different. First, it was no longer just about revenue – now it was seen as a tool to address societal inequities. It had become a political tax – a method to accomplish wealth redistribution. As a result, when this war ended, this estate tax did not. Despite sizable budget surpluses, Congress increased rates and added the gift tax on lifetime transfers. The estate tax was seen as a key method to redistribute wealth." <ref>http://www.physiciansnews.com/finance/405.html</ref>

Just like corporate taxes and regulations, only the largest can afford the specialist accountants and lawyers to defend them. Meanwhile, the middle class gets routinely decimated.

Tea Party speculative tie-in <ref>http://www.frumforum.com/the-tax-that-started-the-tea-party</ref>

Estate tax charts <ref>http://wills.about.com/od/understandingestatetaxes/a/estatetaxchart.htm</ref>

USA Today article 2010-07-21 <ref>http://www.usatoday.com/money/perfi/taxes/2010-07-21-estatetax21_CV_N.htm</ref>

Wikipedia article on "Inheritance tax" <ref>http://en.wikipedia.org/wiki/Inheritance_tax</ref>

References:

<references><references/>

Estate tax

2010-11-12T02:10:08Z

Markhu:

Estate tax

2010-11-12T02:09:54Z

Markhu:

Estate tax

2010-11-12T02:08:25Z

Markhu:

In the early 1900's, when politicians became enamored of socialism, the estate tax was heralded as an equalizer. President Theodore Roosevelt endorsed an inheritance tax whose "primary objective should be to put a constantly increasing burden on the inheritance of those swollen fortunes, which it is certainly of no benefit to this country to perpetuate." Roosevelt would later say that the tax should be directed at "malefactors of great wealth, the wealthy criminal class."

"The Revenue Act of 1916 brought back the estate tax and introduced a new tax, the modern-day income tax. Unlike its predecessors, this estate tax would be different. First, it was no longer just about revenue – now it was seen as a tool to address societal inequities. It had become a political tax – a method to accomplish wealth redistribution. As a result, when this war ended, this estate tax did not. Despite sizable budget surpluses, Congress increased rates and added the gift tax on lifetime transfers. The estate tax was seen as a key method to redistribute wealth." <ref>http://www.physiciansnews.com/finance/405.html</ref>

Just like corporate taxes and regulations, only the largest can afford the specialist accountants and lawyers to defend them. Meanwhile, the middle class gets routinely decimated.

http://www.frumforum.com/the-tax-that-started-the-tea-party

http://wills.about.com/od/understandingestatetaxes/a/estatetaxchart.htm

http://www.usatoday.com/money/perfi/taxes/2010-07-21-estatetax21_CV_N.htm

<references><references/>

Estate tax

2010-11-12T02:07:56Z

Markhu:

In the early 1900's, when politicians became enamored of socialism, the estate tax was heralded as an equalizer. President Theodore Roosevelt endorsed an inheritance tax whose "primary objective should be to put a constantly increasing burden on the inheritance of those swollen fortunes, which it is certainly of no benefit to this country to perpetuate." Roosevelt would later say that the tax should be directed at "malefactors of great wealth, the wealthy criminal class."

"The Revenue Act of 1916 brought back the estate tax and introduced a new tax, the modern-day income tax. Unlike its predecessors, this estate tax would be different. First, it was no longer just about revenue – now it was seen as a tool to address societal inequities. It had become a political tax – a method to accomplish wealth redistribution. As a result, when this war ended, this estate tax did not. Despite sizable budget surpluses, Congress increased rates and added the gift tax on lifetime transfers. The estate tax was seen as a key method to redistribute wealth." <ref>http://www.physiciansnews.com/finance/405.html</ref>

Just like corporate taxes and regulations, only the largest can afford the specialist accountants and lawyers to defend them. Meanwhile, the middle class gets routinely decimated.

<references><references/>

http://www.frumforum.com/the-tax-that-started-the-tea-party

http://www.physiciansnews.com/finance/405.html

http://wills.about.com/od/understandingestatetaxes/a/estatetaxchart.htm

http://www.usatoday.com/money/perfi/taxes/2010-07-21-estatetax21_CV_N.htm

Estate tax

2010-11-12T02:07:20Z

Markhu:

In the early 1900's, when politicians became enamored of socialism, the estate tax was heralded as an equalizer. President Theodore Roosevelt endorsed an inheritance tax whose "primary objective should be to put a constantly increasing burden on the inheritance of those swollen fortunes, which it is certainly of no benefit to this country to perpetuate." Roosevelt would later say that the tax should be directed at "malefactors of great wealth, the wealthy criminal class."

"The Revenue Act of 1916 brought back the estate tax and introduced a new tax, the modern-day income tax. Unlike its predecessors, this estate tax would be different. First, it was no longer just about revenue – now it was seen as a tool to address societal inequities. It had become a political tax – a method to accomplish wealth redistribution. As a result, when this war ended, this estate tax did not. Despite sizable budget surpluses, Congress increased rates and added the gift tax on lifetime transfers. The estate tax was seen as a key method to redistribute wealth." <ref>http://www.physiciansnews.com/finance/405.html</ref>

Just like corporate taxes and regulations, only the largest can afford the specialist accountants and lawyers to defend them. Meanwhile, the middle class gets routinely decimated.

references:

http://www.frumforum.com/the-tax-that-started-the-tea-party

http://www.physiciansnews.com/finance/405.html

http://wills.about.com/od/understandingestatetaxes/a/estatetaxchart.htm

http://www.usatoday.com/money/perfi/taxes/2010-07-21-estatetax21_CV_N.htm

Estate tax

2010-11-12T02:05:34Z

Markhu: a first stab at this topic