Editorial Board
Look How Easy It Is to Game Estate Taxes
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In a speech earlier this month, President Barack Obama reminded his audience, if it needed reminding, that the U.S. is an unequal society and becoming more so.
The top 10 percent takes home half the total income, up from a third in the late 1970s, he said. And a child born in the bottom 20 percent has less than a 1-in-20 chance of making it to the top fifth, while the chances for a child born in the upper 20 percent are a far better 2-in-3.