What a stupid idea that is. For an estate to have to pay an estate tax you have to have over $11 million dollars in assets for a single person and 22 million for a married couple.
What dumb shits do not know is that if they do away with the estate tax, congress will take away the stepped up basis in the property upon death.
You know who will get kicked in the gonads if that happens?
The middle class.
Be that as it may, too many idiots have opinions about the estate tax and no nothing about it. The heirs of morons on this board writing from their mobile homes will never ever have to pay an estate tax.
Since the estate tax was instituted a century ago it has helped to keep income inequality from getting out of hand. It was has prevented this country from becoming Argentina or Brazil. That is why Buffet, Gates and assorted other billionaires do not want the estate tax to go away. They realize that a permanent aristocracy will rise. You all arguing for the estate tax to be repealed will only make your descendants the new peasants.