MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
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"Bernie Sanders’s estate tax plan would reduce the federal debt and help even the playing field"
By artappraiser on Mon, 02/04/2019 - 8:17am |By the Washington Post Editorial Board, Feb. 3
IT WILL not be a question of whether prominent 2020 Democratic presidential candidates favor hiking taxes on the very wealthy. It will be a question of how they propose to do it. Sen. Elizabeth Warren (D-Mass.) last month suggested a wealth tax of 2 percent per year on fortunes of more than $50 million, an idea that is constitutionally questionable and logistically difficult. Sen. Bernie Sanders (I-Vt.) entered the scene Thursday with a better plan: substantially hiking the estate tax on huge inheritances, an alternative to taxing someone’s fortune during his or her lifetime.
The country has an estate tax, but the rate and the amount exempted from the inheritance tax have bounced around as Republicans and Democrats have fought a tug of war over its terms [....]
URL:
https://www.washingtonpost.com/opinions/bernie-sanderss-estate-tax-plan-would-reduce-the-federal-debt-and-help-even-the-playing-field/2019/02/03/61c41caa-266b-11e9-90cd-dedb0c92dc17_story.html?utm_term=.32554bbc9553
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