Friday, July 08, 2005

Russians now can die tax free. Why not us?

From an editorial in today's Wall Street Journal:
Karl Marx must be rolling in his grave, and don't even ask about V. I. Lenin: Russia eliminated its inheritance tax last month. Its move comes after January's decision by the government of Sweden, the birthplace of the modern-day welfare state, to eliminate its estate tax. Like the Russians, the Swedes have come to believe that the tax is unjust and economically counterproductive. Russia and Sweden join Argentina, Australia, Canada, India, Mexico and Switzerland as nations that don't make death a taxable event.
Subscribers to the Online WSJ can read the entire editorial here.

No comments: