Title: "Scheduled to hibernate, 'death tax' may get new life"

Source: OneNewsNow.com

Author: Jim Brown

Date: 12/1/09

Summary: Starting in the new year, the death tax will be suspended until next year. This tax currently takes about 45% of every person's capital when they die. However,  Congress could reverse the decision to suspend the death tax, continuing to enforce it. An analyst says that without the death tax, "it would actually add 1.5 million jobs to the American economy."

Opinion: I believe that it would be a good plan to take away the death tax, even if temporarily. I had no idea before reading this article that almost half of a person's money is taxed when they die. That is a huge tax, and I agree that we will be better off without this tax. In fact, if this suspension occurs, it could give Congress a multitude of new taxes. How? Well, if this suspension creates 1,500,000 jobs as it is forecasted to; 1,500,000 people will be making more money. Suppose each person starts making an average of $70,000. Congress, taxing about a 1/3 on the income, would gain $34,650,000,000 in new taxes. Lowering taxes almost always increases revenue for the government! Besides that, these people would have over $66 billion dollars to spend or save, injecting it into the economy. How's that for a "stimulus package"?