The Dirty Little Secret of (Estate) Tax Reform
65 Stanford Law Review Online 21 (August 14, 2012)
USC Law and Economics Research Papers Series No. C12-11
USC Legal Studies Research Papers Series No. 12-17
8 Pages Posted: 14 Aug 2012
Date Written: August 14, 2012
This brief commentary argues that Congress is unlikely to do anything dramatic with estate tax reform in 2012 – either allowing the tax to return to its Year 2000 levels, of a $1 million per person exemption and a 55% tax rate, in January 2013 or repealing the tax in full – because Congress has a financial interest in keeping the issue alive to generate campaign contributions for those both supporting and opposing the tax.
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