Tax Reform V: Eliminate the Estate Tax

The estate tax amounts to a penalty on the heirs of those who have accumulated wealth over their lifetimes. It raises less than 1% of federal revenues, so it provides almost no benefit to anybody, but imposes a big cost on a few.
There are many ways for the wealthy to avoid the estate tax, so it collects little money from the really wealthy but can hit particular individuals hard. The heirs of small business owners and family farmers who die unexpectedly, without having drawn up plans with their tax attorneys, will may have to liquidate the businesses to pay the

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