Permanently Repeals the Death Tax
For Immediate Release.
June 10, 2002 The
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.
Joel P. Rutkowski, P.h.D.
President, The American Voice Institute Of Public Policy
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