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Groups funded by the super-rich have engaged in a deceptive campaign to convince the public that estate taxes cause widespread problems for small businesses and family farms when they actually affect about one in 370 estates, said the report released by Public Citizen and Boston-based United for a Fair Economy.
...families including those that founded Wal-Mart, Gallo wineries, Nordstrom's department stores, Wegman's grocery stores, the Mars candy company, Cox media chain and Campbell Soup Co. joined the Timkens in bankrolling an effort the groups' report called "one of the biggest con jobs in recent history."
Only households with multiple millions or billions in net worth pay an estate tax. In 2006, individuals receive a $2m exemption from the estate tax and couples receive a $4m exemption. As a result, it is estimated that less than one-thrid of one percent (0.27 percent) of all estates will pay the federal estate tax in 2006, about one out of every 370 estates. Based on census projections for 2006, 2.3m people will die in 2006 and only about 6.300 will have taxable estates.
The families... have helped finance... groups that have spent millions on fear-mongering ad campaigns intended to sway public opinion against the estate tax. These ads have shamelessly retailed myths that the estate tax is responsible for wrecking small businesses and family farms, and that regular Americans should fear a crushing tax bill when their loved ones die.
Originally posted by djpaec
Taxes like this odviously only affect the wealthy, anybody swayed differently is a retard.