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Live Video: President Obama's Budget Address

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barflytom4/13/2011 12:58:20 pm PDT

re: #414 Obdicut

How is it arbitrary? I thought you liked taxes on wealth. It’s a tax on wealth.

Because it can be avoided, and is set at what I think is too high a rate. Some people who actually pay it are getting grossly overtaxed, others escape it completely.
I’m curious to know how much in death taxes the Kennedy family has paid over the years, and whether any of them volunteered to hand over any extra to the IRS in order to be paying their “fair share”.