From the river to the sea,
Palestine will be free!

Tuesday, October 17, 2006

Death Still Inevitable for the Rich, But Not Taxes

"Washington voters are being asked this fall to repeal a tax that very, very few residents - or their relatives - ever will pay.

"The tax in question is the estate tax, and it will hit an estimated 210 Washington estates this year. That's a tiny fraction of the more than 45,000 people expected to die, according to state Department of Revenue data. The tax puts about $100 million a year into public schools and college enrollment slots.

"Initiative 920 would repeal the tax, along with the revenue for schools, which has prompted a costly fight by the state's teacher union and tax-fairness advocates to retain the tax.

"The leading supporters of I-920 include ultra-conservative tax activist Dennis Falk of Fox Island and two major business associations. So far, the pro-I-920 campaign is funded heavily by donations from a Seattle developer, Martin Selig, who put in $840,000 to help get the measure qualified for the Nov. 7 ballot using paid signature-gatherers.

Thanks to the Olmpian for this illuminating article.

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