Undercutting the American Dream: Estate Tax Repeal Would Harm Latinos

Contact:	Luisa Grillo-Chope
Date:	Apr 20, 2006
Adobe Acrobat (PDF) Download (233 KB)
Related
Topic:	Community and Family Wealth-Building
Policies:	Tax Reform, The Federal Budget

Summary

This white paper issued by the National Council of La Raza concludes that repeal of the estate tax would exacerbate the wealth gap between Latinos and other Americans and reduce the amount of revenue available for the community’s key policy priorities. The paper examines how the estate tax works and its effects on taxpayers, the budget, and charitable giving. The paper notes that, contrary to public perceptions, the estate tax applies only to a small number of families; however, it does help to alleviate imbalances in the current tax system.