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House Permanently Repeals the Death Tax

For Immediate Release. June 10, 2002The House of Representative on June 6, 2002, made a major step towards establishing a tax code that treats all incomes and all taxpayers the same by permanently repealing the death tax with the passage of the Permanent Death Tax Repeal Act of 2001 (HR 2143) by a 256-171 vote.  The estate tax or death tax is a form of double taxation.  It is wrong for the Internal Revenue Service to take up to 55 percent in taxes after a taxpayer’s death.  Many of these individuals spend a lifetime working and investing to provide a sound economic foundation for their children by building up a small business.  The government should not be allowed to add an additional layer of taxation to this money once taxpayers have paid taxes on their earned income.

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