Five-Tax Monte

The Big Con - Ezra Klein

I like the characterization of our tax system here. My parents are still complaining about the payroll tax cut off at $90,000. Something like that is easily one of the most glaring inequities in our tax system. I think any attempt to fix Social Security and shore up funds for Medicare will have to deal with the payroll tax cutoff. But I do have one caveat to mention. The so-called 'estate' tax isn't a death tax as the no-taxers would call it. It's an inheritance tax and I do think it is a viable and useful tax.