Copyright 2000 The New York Times Company
The New
York Times
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July 31, 2000, Monday, Late Edition - Final
SECTION: Section A; Page 18; Column
4; Editorial Desk
LENGTH: 104 words
HEADLINE: A Tax That Seems to Hit a Nerve
BODY:
To the Editor:
The logic in Alan
Wolfe's "Moral Sense in Estate Tax Repeal" (Op-Ed, July 24)
escapes me. Mr. Wolfe suggests that an estate tax runs counter to the natural
desire to accumulate money one can leave to one's children. Yet he notes that by
2005 the exemption to the tax will be $1 million, and of course only a
percentage of the amount above the first $1 million goes to taxes.
Isn't
leaving one's children $1 million, plus a large percentage of any amount above
that, enough to satisfy most people's instincts for parental altruism?
FRANK RETTENBERG
San Rafael, Calif., July 24, 2000
http://www.nytimes.com
LOAD-DATE: July 31, 2000
