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You are here: Home / Taxes / Breathing new life into a tax on death

Breathing new life into a tax on death

February 20, 2008 By WRN Contributor

State officials have proposed reviving the state's estate tax to help solve budget problems. Rich Eggleston, with the Wisconsin Alliance of Cities says restoring the tax, which ended January 1st, would help the state deal with a projected budget deficit of $650 million.

Eggleston says it's an easy source of revenue that would only affect wealthier individuals with an estate worth over $650,000. He says most people would not be impacted by restoring the tax.

Eggleston says it represents a fair tax on accumulated wealth.

AUDIO: John Colbert reports (MP3 :37)

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Filed Under: Taxes



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