Showing posts with label Estate tax. Show all posts
Showing posts with label Estate tax. Show all posts

Monday, April 20, 2015

Republicans and the rich cry about the estate tax, yet the total paid to the government last year was a pittance

Republicans and wealthy people cry about the estate tax, yet the amount of estate and gift tax paid to the Federal Government in  FY 2014 was a paltry $685 MILLION. (Not even a billion.)

You can see the numbers here below, from the Daily Treasury Statement.

















Once again I will repeat that the vast majority of tax revenues come from employment taxes, which are taken from working people. Both the president and Congress decided to raise those last year.

Republicans crying about the estate tax is ludicrous and seriously whiny.