Thursday, April 27, 2006

Guess Who is Funding Repeal of the 'Death Tax'?

Mainly 18 super rich families including our nemesis.

The stakes of the campaign are great, not only for the super-wealthy families, but for the public. If the families’ repeal bid succeeds, it will cost the U.S. Treasury a trillion dollars in the first decade – roughly what it would cost to provide health insurance for every uninsured person in the United States.

The Walton family's net worth is 83.7 billion dollars. If the 'Death Tax' is repealed they stand to save 32.6 billion dollars. The average family on the other hand is 4 times more likely to get hit by lightning than have to pay the 'Death Tax'. 99.7% of people who die in the USA in 2006 will not have to pay estate taxes.

Report from Public Citizen is here (pdf).

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