Tax Incentives
So it’s an extreme example, but taxes do create adverse incentives.
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Tag: Death Tax
Time to Permanently Kill the Death Tax
Currently, the motion to permanently repeal the death tax is gaining momentum in the halls of Congress. In fact, Rep. Neugebauer (R-TX) has introduced H.R. 4746, which would prevent a series of pending tax increases while allowing the death tax to finally expire. Unfortunately, the death tax — which temporarily expired in 2010 — is …
Lack of Estate Tax in 2010: Now Death Is Cheaper?
This is a super disturbing story about the return of the death tax, which is nonexistent in 2010: For example, a wealthy person who dies on January 1, 2011, and left her heirs $10 million would really be leaving them $5.05 million because of taxes. If they died a day earlier (assuming no changes were …
