They get subservient, cretinous Democrats like Steny Hoyer to keep those estate tax thresholds high!
Let’s look at the figures, courtesy of the Tax Policy Center at Brookings:
How many people will pay estate tax in 2009? About 5,500 households contributing a total of $14 billion in tax, i.e. the richest .000018 of Americans.
How many would pay estate tax in 2010 if the Bush estate tax thresholds were allowed to expire? 44,000, i.e. the richest .00014 of Americans, who might pay $34 billion in tax.
What’s the hole in the budget to be blown if the current Bush estate tax thresholds are extended into the future? $234 billion over the next decade.
What might that pay for? Roughly 25% of the CBO projected cost of health care reform over the next decade.
Gorilla reaches the conclusion: “The rich are always with us, and getting richer, thanks to leaders like you, Steny!”
