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March 22, 2006

Don't Tax the American Dream by E. O'Brien Murray

The death tax is fiscally and economically destructive: it accounts for only about one percent of government revenue and some studies, including one last year from professors at Carnegie Mellon University, conclude that the tax actually costs the government money. This effect is partly due to capital gains tax avoidance, but is also because the tax is responsible for the loss of hundreds of thousands of jobs a year, as many family businesses can't afford the government bite.

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