Tuesday, July 11, 2006

Mischaracterizing the "Estate Tax"

From Melissa Hart's website:
Hart Supports Repeal of Death Tax

[snip]

“The Death Tax not only places a tremendous strain on small businesses who have to pay the tax, it also costs them resources trying to understand it and comply with it,” said Hart. “If small businesses are freed from this regressive tax, one recent study indicates that Pennsylvania could stand to gain over 10,000 jobs.”

How misleading can you be? (or should I say dishonest?). In the first place it's not called the "Death Tax" it's called an "Estate tax" and it only affects the very wealthy. From the Center on Budget and Policy Priorities website"
Today the estates of only 1 out of every 200 people who die owe any estate tax whatsoever, because the first $2.0 million of the value of any estate ($4.0 million for a couple) is totally exempt from the tax.

There's no need to distort, we working stiffs know who you Republicans support.

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