Quote of the day--on the income tax

"The hardest thing in the world to understand is the income tax."  --Albert Einstein

Think we don't need an estate tax ("death tax")?

Look at these five estates above, from this past calendar year, and tell me, Mr. and Mrs. America, we don't need an estate tax on the wealthiest of us.

While you're at it, look, too, at the amount of tax revenue we lost by not applying it to these estates.

Mind you, I'm not saying grow government at all costs and I'm not an advocate of ever-larger government agencies. Not at all.  

All I'm saying here is that we have costs and debts associated with running this country and that's why we have taxes.

I find it difficult to believe these estates and the people they will now go to would be hurt substantially by having paid these taxes.

If you're not for an estate tax on the wealthiest of Americans, I hope it's because you're one of them.

Otherwise, I question your connection to reality.

And I say that with seriousness, gravity and respect.

Link to original post:  http://www.businessinsider.com/now-get-ready-for-the-lame-duck-congress-to-kick-the-can-on-all-the-hard-deficit-choices-2010-11