I'm repeating several posts previous, but let me repeat that you are just plain WRONG on the double or triple taxation issue. If you are against such "double or triple taxaction, let's talk about simply eliminating the "step up" in basis. The vast majority if not nearly all of what is taxed under estate taxation laws has never been taxed.
We are not talking about some poor working schmoe whose estate is now being taxed on his paycheck savings. In order to pay any estate tax at all, you must have an estate valued at over $2 million or $4 million for a married couple.
Unless they are paid a lot more than you and me, this is not a tax on someone's wage income that has been put in the piggy bank, but it is a tax on their earnings from stock investment or real estate or other assets that have never been taxed. Seriously: the "double taxation" argument just doesn't hold up unless you assume that these people who earn 100's of thousands a year are idiots and don't invest well.
Let's have a real discussion here and see how many succesful investors are interested in avoiding "double or triple taxation." (Note: by "successful investor" I mean anybody who has had substantial sums to invest - wealth - and competent counsel or inate skills in asset management.)
cut the bullshit lawyer speak.
That estate was built up through the efforts of someone who was taxed on his/her income and through real estate taxes. That person paid his dues *already*. When he/she dies and the estate goes to a family member - or whomever he gives the property in his will, the government is taxing again. It's bullshit. Of course all pinko commie statist assholes don't see it that way. Big government tries to justify spreading out taxation across the board for everything they can, purposely hiding beyond a false premise of "fairness" and playing class warfare.