Estate Tax Repeal Could Be Worth $3.5 Billion to Trump and His Cabinet

[yortsed snacilbuper]

While Trump has in the past said that the repeal would be a boon for “millions of small businesses and the American farmer” — earning a “pants on fire” review from Politifact in the process — Treasury Secretary Steven Mnuchin recently admitted that repealing the estate tax may not do much for your local hardware store owner: “Obviously, the estate tax, I will concede, disproportionately helps rich people.”

https://www.msn.com/en-us/news/politics/estate-tax-repeal-could-be-worth-dollar35-billion-to-trump-and-his-cabinet/ar-AAtGWzk?li=BBmkt5R&ocid=spartanntp

[cyclonefence]

1. Because it can't be repeated often enough

Estate tax applies only to estates worth $5.45 million or more. No one else pays estate tax.

[rzemanfl]

2. They'll be dead when that happens. Cold comfort. n/t