By Daily Crux Editor Brian Hunt:
Score a tiny victory for good sense.
Last week, the U.S. Senate voted 51 to 48 to permanently cut the death tax to 35% and exempt all estates of less than $10 million per couple.
Majority leader Harry Reid - who believes
an angel delivered golden plates with the word of God written on them to a failed treasure hunter in the 19th century - is furious with "just" a 35% tax. He'd like to punish anyone smart and hard working enough to become rich with a 45% tax rate.
Of course, the only sensible tax rate on someone's estate is zero. And this battle for lower death taxes isn't over. It goes to House-Senate conference next. Just realize your leaders believe you should give up half your life's work just for dying.
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