[lbo-talk] A New Name for "Estate Tax"?

[Max B. Sawicky]

The latest and greatest research on the tax is here:
http://www.bus.umich.edu/OTPR/workingpaper.htm
There is also the book, "Does Atlas Shrug" from the same source.
In general there is little evidence of the tax, which has all kinds of
flaws, causing family-owned businesses to liquidate, contrary to legend.
The whole thing is a canard to begin with, since a business that must
liquidate because of the tax is a business that hasn't set enough in
preparation for the tax.

Jordan Hayes wrote:


>I'm not sure "most" covers it; there are a large number of people
>whose small business is also the asset they die with.  For many,
>that ends the business (or worse: puts their heirs into debt after
>paying the inheritance tax).

"Many"? I thought empirical study of the issue - not, of course, that
that matters in politics - has found almost no instances of that sort
of thing. I'm sure Max Sawicky could fill us in, if he's listening.

Doug
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