Actually, there is surprisingly little support for the estate tax. You'd think a tax paid only by a tiny number of ultra-wealthy people would enjoy a fair amount of popularity. But there's not much of a political groundswell for "saving the death tax."
YLS professor Michael Graetz chalks it up to misguided optimism. Citing a California initiative to repeal the state's inheritance tax that passed with sixty-four percent of the vote, he wrote in The Yale Law Journal that "In California, at least, sixty-four percent of the people must believe that they will be in the wealthiest five to ten percent when they die."
That, or maybe Americans just don't like taxes.
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