L.A.'s coast was once a DDT dumping ground, but no one could see it until now

Re:L.A.'s coast was once a DDT dumping ground, but no one co... by unishark on Monday October 26, 2020 @08:38AM (#24895464)

You can't really make an estate tax work higher than the income or gift tax, since people can just sidestep it by giving the inheritance early.

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Re:L.A.'s coast was once a DDT dumping ground, but no one co... by sokoloff on Monday October 26, 2020 @09:08AM (#24895733)

I think of the gift tax as just the pre-death version of the estate tax. IRS Form 709 and Publication 559 make fairly clear that this is not inadvertent.

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Re:L.A.'s coast was once a DDT dumping ground, but no one co... by charlesu on Monday October 26, 2020 @09:19AM (#24895828)

Raise the gift tax and income tax as well. High taxes on high earners is a good thing. It spurs investment, flattens the distribution of wealth and income, and spurs spending. Give a millionaire a million dollars and he’ll save it or “invest it”, inflating asset prices even further. Give a thousand people and thousand dollars and most will spend it, helping the economy.

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