http://blog.heritage.org/2010/01/12/to-defeat-the-death-tax-know-your-opponent/ Tue, 14 Feb 2012 22:27:43 +0000 hourly 1 http://wordpress.org/?v=3.3 http://blog.heritage.org/2010/01/12/to-defeat-the-death-tax-know-your-opponent/#comment-83891 Macello Joe, Marin C Mon, 25 Jan 2010 15:08:26 +0000 http://www.foundry.org/?p=23330#comment-83891 In Knowlton v. Moore, where the U.S. Supreme Court heard objections to this so called "Estate Tax", where it was argued as a "Direct Tax" the Supreme Court ruled that it was not a Direct Tax, however, the taxes collected on the subject estate was only .0164%. It was not a huge sum as the rate is today (up to 55%). Clearly it is a Direct Tax now, because it is "Double Dipping", instead of it being a minor Transfer Tax. What happened after the decision to cause the excessive rates as charged lately is what I would like to know? I could live with .0164%! In Knowlton v. Moore, where the U.S. Supreme Court heard objections to this so called "Estate Tax", where it was argued as a "Direct Tax" the Supreme Court ruled that it was not a Direct Tax, however, the taxes collected on the subject estate was only .0164%. It was not a huge sum as the rate is today (up to 55%). Clearly it is a Direct Tax now, because it is "Double Dipping", instead of it being a minor Transfer Tax. What happened after the decision to cause the excessive rates as charged lately is what I would like to know? I could live with .0164%!

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