It will be back: permanent estate tax repeal rejected. (Estate Tax).(Statistical Data Included)

The Non-profit Times | July 1, 2002| | Copyright

Recent votes on legislation that will permanently repeal the estate tax has stirred the concerns of some in the nonprofit community, who believe a permanent repeal will decrease charitable giving, shift tax burden to middle- and lower-class taxpayers, and force government to cut nonprofit subsidies.

Supporters of a permanent estate tax repeal assert it may lead to more charitable giving because people will save on taxes and tax-avoidance costs, capital gains taxes will recoup some projected government revenue losses, and government has a hard time targeting programs ...

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