Fun detail from Binyamin Applebaum's NYT article describing the sham accounting in the Administration's "budget proposal":
Mr. Trump has pledged to end estate taxation. His budget, however, projects that the government will collect more than $300 billion in estate taxes over the next decade. Indeed, the Trump administration projects higher estate tax revenue than the Obama administration did because it expects faster economic growth.
Even Arthur Laffer's napkin drawing showed zero revenue if the rate is zero. But I gather we are beyond such "pessimism" now.
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