Many countries, even socialist Sweden and former communist Russia, have done away with their death taxes. They found the confiscation of wealth at death to be counterproductive.

Many small business owners want to pass their family legacy on to their kids and grandkids, but they are turned over to vulture funds because the family may be asset rich but lacks the cash to pay the estate taxes. I have met people who literally sold the farm to pay the taxes.

The entire American concept of the 'family business' is put at risk by the death tax.

Stephen Moore Quotes