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View Diary: Laughing at Laffer (203 comments)

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  •  The estate tax simplifies things... (0+ / 0-)

    You bring up an important point.  For estates which contain mostly capital gains, the tax had not been paid.  I remember seeing an IRS rep on TV who argued that our lives are simpler with an estate tax... without it, we would have to keep track of the basis value of every inherited asset.

    Don't be a DON'T-DO... Be a DO-DO!

    by godwhataklutz on Sun Apr 05, 2009 at 11:01:16 AM PDT

    [ Parent ]

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