TexasResister64 Wrote:
Dec 31, 2012 8:49 AM
There is an argument for either having an estate tax or eliminating the step-up in basis for capital gains for those who inherit. The accumulation of wealth involves expenses the accumulator does not pay for, and if the inheritors don't pay tax on the untaxed increase in the value of wealth, then that essentially passes without ever being taxed to pay for the constitutional stuff like national defense, and the unconstitutional stuff like Obamacare. So some kind of tax should be imposed to recover some of those costs.