hfojvt
hfojvt's Journalthe funny thing about this
in a really sad way
Is that Trump and company will NOT save as much by abolishing the estate tax as they saved when Obama and the Democrats gutted the estate tax in 2012.
That link says that the estate tax brings in $8.5 billion a year.
It used to, before Obama got elected, bring in $70 billion a year. http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x30476
So, tax cut from Trump that we are supposed to wail and gnash out teeth about - $8.5 billion per year
Tax cut from our hero Obama (and voted FOR by such progressive stalwarts as Bernie Sanders and Tammy Baldwin) - $61.5 billion per year.
Of course, the estate tax used to be even higher before Bill Clinton's tax cuts of 1997, cut more than $10 billion a year from the estate tax. http://www.democraticunderground.com/?com=view_post&forum=1002&pid=2665533
Profile Information
Gender: Do not displayHometown: South - Carolina and Dakota
Home country: Oz
Current location: Kansas
Member since: Mon Nov 15, 2004, 04:30 AM
Number of posts: 37,573