Complaints About the Death Tax Have Been Grossly Exaggerated

If there's one asset that doesn't need any further protections in this life or the next it's the estate tax, according to the LA Times.


An op-ed framed the non-issue of taxing estates recently noting fewer than three out of every 1000 estates end up paying any kind of tax whatsoever. After generous exemptions, most of which Obama supports, the wealthy dead easily bequeath their holdings to their trustafarian survivors without federal intervention. Still, estate tax opponents cry afoul that the "death tax" threatens their generational wealth.

The Policy and Taxation Group argues that family assets, especially if they take the form of small businesses, face what is effectively double taxation since estates--the minority that do end up taxed--have already faced taxes during the proprietors' lifetimes. Does the estate tax camp have a point or are they crying wolf in a system already friendly to them? Debate and discuss during tax week at Big Think.

LinkedIn meets Tinder in this mindful networking app

Swipe right to make the connections that could change your career.

Getty Images
Sponsored
Swipe right. Match. Meet over coffee or set up a call.

No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.

Keep reading Show less

Think you’re bad at math? You may suffer from ‘math trauma’

Even some teachers suffer from anxiety about math.

Image credit: Getty Images
Mind & Brain

I teach people how to teach math, and I've been working in this field for 30 years. Across those decades, I've met many people who suffer from varying degrees of math trauma – a form of debilitating mental shutdown when it comes to doing mathematics.

Keep reading Show less

A world map of Virgin Mary apparitions

She met mere mortals with and without the Vatican's approval.

Strange Maps
  • For centuries, the Virgin Mary has appeared to the faithful, requesting devotion and promising comfort.
  • These maps show the geography of Marian apparitions – the handful approved by the Vatican, and many others.
  • Historically, Europe is where most apparitions have been reported, but the U.S. is pretty fertile ground too.
Keep reading Show less

How KGB founder Iron Felix justified terror and mass executions

The legacy of Felix Dzerzhinsky, who led Soviet secret police in the "Red Terror," still confounds Russia.

Getty Images
Politics & Current Affairs
  • Felix Dzerzhinsky led the Cheka, Soviet Union's first secret police.
  • The Cheka was infamous for executing thousands during the Red Terror of 1918.
  • The Cheka later became the KGB, the spy organization where Russia's President Putin served for years.
Keep reading Show less