I think a lot of people mistakenly believe that they're going to be impacted by the estate tax. |
It doesn't take a long time to get to over a million dollars in assets if your house is worth, say, $600,000. A lot of people think, this is going to hit me. But the reality is that it is only going to hit the most expensive estates. |
We're talking about eliminating millions of dollars in revenue from less than 900 taxpayers. That is such a miniscule portion of the population that it is hard to register where the proponents of repeal have a leg to stand on. |