Monday, December 12, 2011

Ralph Bristol's commentary on Gov Haslam and Estate Tax

Tennessee has one of the highest Estate Tax rates in the country. Tennessee's estate tax kicks in at $1 mil whereas the Feds don't start collecting until $5 mil. This high rate is like a big red flashing STAY OUT sign to high net worth individuals, the very same individuals that spend and invest lots of money with very few demands on public servies. Ralph has some important insight into the politics of the issue.