Quote:
Originally posted by taxwonk
Really? Then explain the indomitable dreive for repeal of the estate tax and for repeal of the tax on capital gains. That's an inverted tax system, no two ways about it.
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Estate tax: Why is this supported as much (if not more) by people who are unlikely ever to be subject ot it? What's more, the most realisitic proposals would likely simply raise the limits of the exemption. That is, lower the rates to zero for a larger group of people, while leaving the higher rate on the rich.
K-gains: See the rest of my post--it's an effort to increase incentives to save. What's more, the k-gains rate for low-income people is lower than for high-income people.
