Free Market
Author:
Alexander Tabarrok
Online Publish Date:
The Free Market 15, no. 9 (September 1997) At last, the Republican Congress has proposed cutting death taxes. It wants the exemption to be raised from $600,000 to $1 million. Not bad for a start. But if Congress is serious about reducing the tax, the rate should immediately index the exemption to the inflation rate. If the inflation of the last