James Meade 12/01/2010 @ 8:50pm
The deficit will impel action to find money. An estate tax is a probable target. $5 million is probably an appropriate target level, but I'd like to see it indexed.
Seems like reasonable levels
Red Steele 12/01/2010 @ 1:39pm
$10 million per married couple seems like a reasonable figure to pass free of estate taxes. Maybe a progressive amount after that to break up the very large billion dollar estates might make sense, though. Start out with a 25% rate and move up to a higher rate as the estate increases. I don't think that having private individuals with $5 to $10 million of inherited wealth is going to bring America down, and this figure should have some sort of inflation index.
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