When the Senate turned down President Bush's bid to repeal the estate tax permanently last week, it actually did a favor for tens of thousands of moderately well-off households — the 'small rich,' if you prefer. That's because such households would be worse off under the full repeal scheduled for 2010 (which Bush wants to make permanent) than they would be under the 2009 rules, which are more favorable for estates than today's rules. (Washington Post, Tuesday)
When government is so complicated that repealing a tax is bad for those who would have paid it, something is seriously wrong.
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The Flat Tax: Simplicity Desimplified by Roger W. Garrison