LETS GO DU PLESSIS
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Pat@therealpat.online
npub1zmsr...asvy
Chicago, House Music, and Bitcoin 🤌
Strickland is gonna get his ass kicked tonight
Is there any seed oil free ranch dressing that doesn’t taste like ass?
Not even half of an f150’s range. Electric vehicles have a long way to go. View quoted note →
Let’s see how many NFL fans are on nostr #grownostr
Who will win the Super Bowl?
Will Jim harbaugh end up coaching in the NFL and where?
Where will Bill Belichick end up coaching?
Will the Bears keep fields, draft Caleb Williams, or do something else?
I wonder what shower girls is doing rn.
Federal Estate and Gift tax makes up only 0.61% of all US tax revenue. The first version of an estate tax in the US was enacted in 1797 to fund the navy, and was later repealed when the funding was no longer needed. In 1862 the tax was reenacted to fund the civil war, and again repealed after the war. It was again re-enacted in 1898 as part of the War Revenue Act to fund the Spanish-American War, and yet again repealed when funding was not needed. In 1916, without justification, the modern estate tax was enacted. In 2001, congress approved phasing out the tax from then until 2010. The catch here was, the “phasing out” was not permanent, and the expiry of the bill repealing the tax, the tax would again go into effect at a 55% rate in 2011, which it did. Congress then lowered the tax to 35%, again with a clause reinstating the 55% rate in 2013. In 2013 congress enacted a permanent estate tax rate of 40%. The truth is that this tax is unnecessary and has been nothing but a game of political football since 1916, which coincidentally or not, was 3 years after the federal reserve was officially created. Essentially this is an example of how congress can pretend they are getting “stuff” done when in reality they aren’t doing anything meaningful. Of all the taxes that should be eliminated (99% of them), the estate and gift tax should be the first to go.