How Old Was the Estate Tax When It Died?

How Old Was the Estate Tax When It Died?

Over at the Huffington Post, Chris Kelly did a nice little send-up of the estate tax debacle. Taking his cue from the untimely death of baby-oil heiress Casey Johnson, Kelly points out that Johnson's fiance, Tila Tequila, will at least be spared a tax bill.

...

Kelly's sarcasm -- directed squarely at the pathetic Democratic majority on Capitol Hill -- is richly deserved... [T]he estate tax is damn near a century old. Even Andrew Mellon -- who hated the tax with a particular passion -- couldn't get rid of it during a decade of GOP dominance.

 

View TaxAnalysts' Joe Thorndike's opinion in its entirety on TAX.com.