Ten Reasons to Repeal the Estate Tax

As I have previously discussed, an estate tax repeal bill is being considered by the House. Here are 10 reasons given by a proponent of the bill for ending the estate tax:

1. The estate tax is unfair.
2. It is unpopular.
3. Revenue generated is extremely low.
4. The revenue generated is decreasing.
5. It affects family start ups and not the uber-rich.
6. The majority of states do not have an estate tax.
7. The U.S. estate tax rate is one the highest in the world.
8. It negatively impacts the job market.
9. It reduces economic growth.
10. It negatively impacts the environment by forcing landowners to subdivide tracts.

See Ryan Ellis Top Ten Reasons The U.S. House Will Kill The Death Tax, Forbes, Apr. 14, 2015.

Special thanks to Jim Hillhouse for bringing this article to my attention.