Alexis de Tocqueville Essay | Essay

This student essay consists of approximately 4 pages of analysis of History of the Federal Estate Tax and its Relationship to De Tocqueville's Views.
This section contains 951 words
(approx. 4 pages at 300 words per page)
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History of the Federal Estate Tax and its Relationship to De Tocqueville's Views

Summary: A history of the U.S. Federal Estate Tax and why, in the view of the author, it should be repealed. The phase out of this type of tax would not have been favored by de Tocqueville. He would have found this tax a useful way to prevent tremendous wealth from being transferred from generation to generation.
Benjamin Franklin, wise man that he was, indicated the only two things we cannot avoid are death and taxes and in some cases when you die is when you are taxed the most. To understand the "Federal Estate Tax" one must understand how it started. The Estate Tax in its earliest form was instituted in 1916 at that time it was called an "Inheritance Tax" and this tax was levied against the beneficiary of the estate. In most cases this tax was levied against people, whom could least afford this type of tax. The "Inheritance Tax" was eventually restructured to be levied against estates and was protected by a deductible so the people who got the most benefit from the government were also the people who bore the greatest burden of the tax thereby the "Federal Estate Tax" was born. This tax was levied only three years after the...

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This section contains 951 words
(approx. 4 pages at 300 words per page)
Buy the Student Essay on History of the Federal Estate Tax and its Relationship to De Tocqueville's Views
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