To trigger the estate tax, you need to be transferring assets worth over $5.34 million (in 2014). Repealing it is a pretty killer tax cut exclusively for the rich. Not a huge priority for me.
Doesn't the estate tax apply when you want to give your inheritance to non-spouses? such as giving your inheritance to your biological children.
For example, a single (or widowed) father or single mother would have to pay the estate tax on the inhertitance passed to their children.
Its odd, that the government is punishing the children, who may need that inheritance money for their parents.
But the government is rewarding SS spouses who can't biologically have shared children. These so-called marriage laws and benefits are discriminatory to any one not married or divorced.
Same-sex couples often have children these days, you know.
