Original publication: Forbes.com
Date of publication: 10/06/2010
Tax Me, Please
By ASHLEA EBELING
Originally posted in
The Best Revenge blog, Forbes.com, Oct. 6, 2010
It’s not just billionaires like
Warren Buffett and
Bill Gates who say that there should be an estate tax, but just plain old rich folks are speaking out too.
More than 2,000 wealthy Americans who have paid or expect to owe estate taxes have signed a call to preserve the estate tax that was put out by United for a Fair Economy’s
Responsible Wealth project. The signers include professors, farmers, small business owners, and lawyers, says Lee Farris, the estate tax policy coordinator for UFE. Some signers have a few million dollars, others tens of millions, but they are united in the words of the call: “We believe that permanent repeal of the estate tax would be bad for our democracy, our economy, and our society.”
The signers of the Responsible Wealth estate tax call are not just outliers, and some are billionaires. They include Forbes 400 members
David E. Shaw,
Julian Robertson, Jr.,
George Soros,
John Sperling, and
Ted Turner. All six children of
David Rockefeller, the oldest Forbes 400 member, have signed too.
For more about how billionaires are duking it out over taxes, check out the story,
Billionaire Tax Battle, that Janet Novack and I co-wrote in the October 25th issue of Forbes.
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Read more at
http://www.faireconomy.org/news/tax_me_please_say_some_wealthy_americans
Read more about Gates' generousity here.
http://www.forbes.com/profile/bill-gates