Fw: Estate Tax Malarkey

----- Original Message -----
From: "FactCheck.org" <subscriberservices@factcheck.org>
To: <miriam@panix.com>
Sent: Monday, June 06, 2005 4:57 PM
Subject: Estate Tax Malarkey

Estate Tax Malarkey

Misleading ads exaggerate what the tax costs farmers, small businesses and
"your family."

Summary

In TV and radio ads two conservative groups greatly overstate the burden
that the federal estate tax puts on heirs to a family farm or business.

One ad claims the federal estate tax "can bury your family in crippling tax
bills," which is untrue for nearly all of those who will see the ad,
including the large majority of farm and business owners. Both ads claim the
estate tax is a "double tax," which is only partly true, and mostly false
when it comes to very wealthy families.

We take no position on whether the estate tax should or should not be
repealed permanently. The claims made in these one-sided ads, however,
present a misleading picture of who is actually affected by the tax.

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