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“The estate tax is a funny levy. These days, it hardly contributes to US coffers, and the earnings are a rounding error when compared to other taxes. But it plays an outsize role in the politics of taxation, with conservatives referring to the “death tax” and the (unsubstantiated) plight of family farms while progressives bring up the disproportionate power of the superwealthy.”

“The estate tax is a funny levy. These days, it hardly contributes to US coffers, and the earnings are a rounding error when compared to other taxes. But it plays an outsize role in the politics of taxation, with conservatives referring to the “death tax” and the (unsubstantiated) plight of family farms while progressives bring up the disproportionate power of the superwealthy.”

https://sherwood.news/power/who-died-and-left-the-us-7-billion-fayez-sarofim/