'A Tax on the Uninformed': Most Estate Taxes Can Be Avoided.(Statistical Data Included)

Arkansas Business | October 16, 2000| | Copyright

MOST PEOPLE DON'T LIKE PAYING taxes during their lifetime, so the idea of paying them after death can be particularly loathsome.

Yet the 84-year-old estate tax remains firmly entrenched in the federal tax code, surviving numerous repeal efforts over the years. This year, the 106th Congress actually voted for a 10-year phase-out of the unpopular tax, but failed to muster the votes necessary to override President Clinton's veto.

The issue strikes a nerve with people who think the estate tax -- or "death tax," as its opponents call it -- is fundamentally ...

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