Tax Me, I'm Rich
August, 2004
The federal estate tax is not dead. It only appears to be. Since the early 1990s some of America's wealthiest families--not including my own--have financed a campaign to eliminate the tax. They argue that a tax that affects only multimillionaires is a bad thing. They deride it as a "death tax," playing on the idea that you can never escape the IRS.In 2001 these affluent Americans persuaded Congress to phase out the tax. By 2009 the amount exempted will rise from $1.5 million to $3.5 mi...
