According to the old saying, only death and taxes are certain in life.
If Republicans have their way (hopefully), at least one of these certainties can be eliminated.
Since there is nothing that can be done about mortality, that leaves taxes - or more specifically the so-called “death tax.”
U.S. Rep. Mac Thornberry, R-Clarendon and chairman of the House
Armed Services Committee, is once again helping lead the charge with
legislation to repeal the federal inheritance tax, also known as the
“death tax.”
Thornberry, who visited Tuesday with the Amarillo Globe-News
editorial board, is optimistic that - finally - Congress can put the
“death tax” out of taxpayer misery.
“We passed a similar bill in the last Congress in the House. It was
the first time it had been voted on straight-up in quite awhile,”
Thornberry said. “Tax reform will be a major focus for later this year.
One of the proposals is to do away with the death tax, and to streamline
and simplify the tax code.
“One element of that will, could (and) should be to get rid of the death tax completely forever.”
...When it comes to the federal government and taxpayer money, anyone
want to bet against Uncle Sam “adjusting” the death tax threshold to
fatten his wallet? And then there are the 18 states, along with
Washington, D.C., that have their own versions of a death tax.
The bottom line is it is just not fair for the federal government
to impose taxes throughout a taxpayer’s lifetime, and then also slap
even more taxes on this same individual’s family upon his or her death.
It is time for the “death tax” to meet its demise.
No comments:
Post a Comment