The Hackenblog

June 10, 2008

J McCain is a little loopy on Obama’s estate tax plan

Filed under: economics, politics — Ginger Mayerson @ 3:59 pm

This is what he thinks. Thanks for the fact check, Dr. Krugman.

This is what the real deal is: Make permanent estate tax with $3.5 million exemption and 45 percent rate. 2008 Presidential Candidates’ Tax Proposals (what a handy chart this is!)

The Mayerson verdict: Anyone who is heir to an estate worth more than $3,500,000.00 can afford 45% tax on the rest of it. Go out and earn back what you paid in taxes, you spoiled jerks. It’s good for you and the economy!

Is it November yet?

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