Unlimited Access. Try it Today! Your First 10 Days Always $0.99

Readers Respond

News Opinion Readers Respond

High estate tax has a cost [Letter]

Your editorial, "The $431 million payoff" (March 24), misses the point. Folks who worked hard, invested well and have accumulated an estate that may be free from federal estate tax but subject to Maryland's estate and inheritance taxes will be asking themselves whether they would prefer their remaining assets go solely to their children and grandchildren upon their deaths or whether they would like Maryland to share in those assets as well.

I can't speak for others but I know what my answer would be. There are options. They include changing domicile to Florida or Delaware for starters. There could be 10 to 15 years between retirement and the death of a surviving spouse.

While the $431 million may reflect the estate taxes someone estimates will not be paid if this bill is signed, this ignores the fact that wealthy folks did not generally get that way by accident. They are not chickens waiting to get plucked. They will retire elsewhere and take with them not only the illusory $431 million that will not be paid in estate taxes but the income and sales taxes that would otherwise be paid to the state during that decade or more as well.

Howard Levinton, Pikesville

-
To respond to this letter, send an email to talkback@baltimoresun.com. Please include your name and contact information.

Copyright © 2015, The Baltimore Sun
Related Content
  • Common-sense legislation on undocumented workers

    Sen. Chuck Grassley of Iowa recently introduced legislation that would require employers to verify the eligibility of people to work in the U.S.

  • Discuss end-of-life decisions while you're still healthy
    Discuss end-of-life decisions while you're still healthy

    We recently started a community conversation regarding the use of advanced directives in Howard County, so Jason Lieborwitz's recent commentary "Don't wait until it's too late to discuss your medical care" (April 22) was a very timely read.

  • Cardin right to support Israel
    Cardin right to support Israel

    In reading Yousef Munayyer's commentary ("Cardin, don't tie U.S. hands for Israel," April 21), a number of specious statements struck me as mandating a response.

  • Cheers to an act of sportsmanship
    Cheers to an act of sportsmanship

    With all that's wrong in today's world, the story about the run scored by the high school baseball player with autism helps to put life back into perspective ("Mount Carmel's Robbie Long scores his first run, with a little help from Friends," April 22).

  • For Earth Day, turn off the engine
    For Earth Day, turn off the engine

    I loved your Earth Day commentary and would like to suggest one more easy way we can help the environment: Let's have "No Idle" zones ("A Maryland-style Earth Day pledge," April 21).

  • Boycotters seek to hurt Israel
    Boycotters seek to hurt Israel

    On the eve of Israel's 67th Independence Day, it was particularly disturbing to read Yousef Munayyer's defense of the pernicious movement to boycott, divest from and sanction Israel ("Cardin, don't tie U.S. hands for Israel," April 21). Although Mr. Munayyer presents BDS as a legitimate method...

Comments
Loading

61°