by lftcrtv | Jan 25, 2018
Conservatives hate the estate tax, which falls primarily on a tiny sliver of the very wealthiest households. However, criticisms of the estate tax do not hold up well under close scrutiny. We examined the criticism that the estate tax constitutes “double taxation” in...
by lftcrtv | Jan 20, 2018
Estate taxes reduce wealth inequality by taxing a portion of huge intergenerational wealth transfers, as noted in the previous installment in this series. Nonetheless, conservatives consistently call for reductions to or elimination of this tax, partly on the grounds...
by lftcrtv | Jan 18, 2018
Income and wealth inequality has accelerated in recent decades; at the same time, reliance on the progressive estate tax as a state revenue source has waned. Certainly, the decline of the estate tax is not the only—or even a primary—cause for the increase in...
by lftcrtv | May 24, 2017
By ensuring that extremely high-income households pay state and local taxes at a rate approaching that of other Minnesota households, the estate tax does more, dollar for dollar, than any other tax to reduce tax regressivity in Minnesota. Conservatives want to...
by lftcrtv | May 23, 2017
Conservatives in Minnesota continue to push for a dramatic reduction in Minnesota’s estate tax, which would almost exclusively benefit the state’s wealthiest residents (who already enjoy below average effective tax rates). Implementing the estate tax reductions...
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