Quote Originally Posted by Storekeeper
I think the problem is that the rich find to may loopholes to exploit ... and both the Democrats and Republicans let them get away with it.

I must admit though I'm intrigued by Buffet and Gates who say they aren't going to leave their wealth to their family. I kinda think estate tax should be very high for the rich ... I'm not sure on that one.
Loopholes exist for one reason: to lower the burden of an unfair tax system. And the loopholes aren't good unless one earns enough to use them. So the loopholes themselves are unfair. Couple that with homefare (the condition where the government subsidizes home purchases by allowing tax write-offs of interest on home loans) and you end up with an unbalanced system.

I think estate taxes are immoral. If I'm poor (which I was when I was born) and work hard and save money for my children why should the government take part of that? I already paid tax on my income so why should it be taxed again when I die?