Word: problems
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Dates: during 2000-2000
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...Bush seems to have a more fundamental problem with the estate tax, a problem reflected in his use of the phrase "death tax." Implicit in this phrase is an argument most commonly made by one of the estate taxes most prominent opponents, Rep. Bill Archer (R-Tex.): "Death as an event should not be taxed...
...problem with this argument, and with the use of the phrase "death tax," is that the death tax doesn't tax death at all: it taxes inheritance. And inheritance, unlike death, is a transfer of wealth between two parties, placing it squarely within the class of taxable transactions...
...estate tax's opponents often claim that family farms and small businesses must be sold to pay the tax. But, like the impact of the tax burden, this problem is not as serious as it sounds. Only a small number of farms and businesses--less than one in 20--even meet the criteria needed to pay the estate tax, and among those who do a series of exceptions allow most of them to avoid paying a tax at all. For instance, owners of farms and small businesses have higher exemption levels, and for tax purposes they are allowed to value...
...problem with repealing the estate tax is that such an act would make the overall system more unfair. If we don't need the $24.6 billion that the estate tax generates, there are better places to cut taxes--we could, for instance, drastically reduce taxes on the poor. And if we do need the revenue, then repealing the estate tax is unfair to the 98.6 percent of Americans who will have to pay the $24.6 billion that the top 1.4 percent save...
...Another problem with globalization, said Lamy, is that it challenges people's sense of identity and culture, which can lead to a conservative backlash on both sides of the Atlantic...