Mises Wire
Author:
Mark Hendrickson
Online Publish Date:
“ Hillary Clinton Proposes 65% Top Rate for Estate Tax ” blared a headline in The Wall Street Journal . Since the current top statutory tax rate on estates is 40 percent, Clinton’s proposal is nothing if not audacious. I can’t recall Barack Obama, our most left-leaning president, ever calling for a 65 percent increase in tax rates for the rich.