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August 15, 2008



Only ca. 2% of estates (i.e., roughly 20,000 annually) are currently affected by the estate tax, so changing it to affect 0.3% of estates is a modest change.

Jacking up the exemption to $7M from its present $2M would sacrifice very little revenue. The total revenue from estates is only about $30 B annually at present. One Bill Gates-style estate would do that.

As for dependent exemptions, they are wildly popular. That's why the so-called repeal of the marriage tax passed 323-95. Reinstating it is a political loser of an issue.

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