Kamala Harris wants America to have the world's highest death tax
Fox News
The real-world impact of death taxes this high is that older people will avoid the death tax by lavishly spending down the family estate so that there is no money left to tax.
Stephen Moore is a senior fellow at the Heritage Foundation, a co-founder of Unleash Prosperity, and an economic adviser to the Trump campaign. The views expressed here are his own and do not reflect an institutional position for The Heritage Foundation or its board of trustees.
Thanks to the Trump tax cut, the amount of an estate that is currently exempt from tax is roughly $13.6 million.
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