Death, wealth, and taxes.

The estate tax should be abolished. The wish to leave an estate is a powerful motive for people to work and save, and estate tax has a correspondingly negative effect on a person's inclination to amass property. The weight of the tax falls primarily on the beneficiary, and consequently it is impos...

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Publicado en:Public Interest no. 141; pp. 55 - 68
Autor principal: Bartlett, Bruce
Formato: Artículo
Publicado: Public Interest Fall 2000
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Acceso en línea:Ver este registro en EBSCOhost
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        Consumption (Economics)
        Wealth
        Inheritance & transfer tax
        Taxation
        United States
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          United States
          Consumption (Economics)
          Wealth
          Inheritance & transfer tax
          Taxation
      ab: The estate tax should be abolished. The wish to leave an estate is a powerful motive for people to work and save, and estate tax has a correspondingly negative effect on a person's inclination to amass property. The weight of the tax falls primarily on the beneficiary, and consequently it is impossible to reach an unequivocal estimation of the estate's distributional effect. Furthermore, as the tax's encumbrance falls on heirs rather than decedents, although the former are normally less affluent than the latter, those with middle incomes would tend to be more encumbered than the standard distributional tables would imply. An increasing number of leading theorists and economists are demanding the eradication of the tax, and even its backers acknowledge that it is so perforated with intricacy, loopholes, and mutilations that it requires a complete overhaul.
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