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Article: The Five Percent Solution.
- Article from:
- On Wall Street
- Article date:
- August 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Think the inheritance tax debate is new? Think again -- the concept is at least as ancient as the Romans.
If death and taxes are the only two certainties, the runner-up slot would have to belong to the issue of taxes upon death. Ever since Roman times, and maybe before, inheritance taxes have been a perennial subject of debate.
The current discussion echoes centuries-old themes, On June 9, the House of Representatives voted 279 to 136 to phase out the federal estate tax over the next decade. Sixty-five Democrats joined all 213 House Republicans and one independent in the vote to repeal, despite negative blasts from Democratic leaders. "It's a political ...