Long Live The Estate Tax

I have found it very very troubling over the years when I hear people whose total income for the year is in the $25,000 to $150,000 and may have maybe a couple $200,000 in savings complain about the 'Death Tax' aka the Estate Tax.  They are completely taken in by the lobbyists for the obscenely wealthy who get the common folk to complain the their congressperson about the tax.

The estate tax is not a tax on the rich but is a tax on the very, very, very rich. According to an analysis by the nonpartisan Tax Policy Center it is estimated that about 99.7 percent of estates were exempt from the estate tax in 2009 when the first $3.5 million of an estate was exempt. Even fewer people would be exempt to the tax under the compromise plan.