Estate Tax Thoughts

Congress in going back into session after their summer recess and they will be taking a vote on the Estate Tax (or “Death Tax” as some people like to call it). It is a hotly contested issue that I feel very strongly about. The truth is that a lot of public services depend on the revenue generated by the estate tax and the number of people affected by it is less than 1.4% of the population. I should be so lucky to be wealthy enough for my children to have to pay the Estate Tax.

I recently wrote to my Senators and Representative to let them know how I feel and I thought I’d share it with you. Maybe you’d like to write to yours.

Dear Senators Dodd and Lieberman and Congresswoman DeLauro,

I am a small business owner and I support preserving the Estate Tax. I owe my life and business to the America the Estate Tax has helped build.

The Estate Tax provides the needed revenue to create wonderful services and opportunities for many companies. Without the internet (which the Estate Tax helped fund), I would not be able to be the successful Web Designer I am. In fact, my career path would never have been an option. Likewise, I may not have had the education to do my job—“nor my employees, theirs—“had it not been for the public school system, also funded in-part by the Estate Tax. Without a stable mail service, I would not be able to send the invoices and receive the payments my buisiness depends on. Without the infrastructure our public highways and roadways provide, I would not be able to travel to meet with clients and my business would suffer. The same goes for air travel: it would not be as safe or reliable if the Federal Government had not used tax revenues (including the Estate Tax) to make it so.

If I should become so wealthy that my children would even have to pay the Estate Tax, I do not feel it would be unfair for the U.S. Government to ask for a little back to repay the society that has made my business, job and lifestyle a reality. In order to ensure future generations can acheive the success that I have, we need to keep the Estate Tax.

Sincerely,

Aaron Gustafson

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