Kenneth F. Scheve Jr.
Originally published 03/25/2013
Kenneth F. Scheve Jr. is a professor of political science at Stanford University. David Stasavage, a professor of politics at New York University, is the author of “States of Credit: Size, Power, and the Development of European Polities.Under the deal struck by President Obama and Congress to avert the “fiscal cliff,” the estate tax — long targeted for elimination by Republicans — survived, but in a substantially diminished form.In 2001, the year George W. Bush became president, individual estates over $675,000 were taxed and the top rate was 55 percent. Now, the maximum tax is 40 percent and only individual estates worth more than $5.25 million are taxed (a figure that will now be automatically adjusted for inflation).
- Could another English king be buried under a parking lot?
- Huckabee says archaeology supports the Bible
- George W. Bush's CIA Briefer: Bush and Cheney Falsely Presented WMD Intelligence to Public
- Unfinished film about the Holocaust made in 1945 to finally be seen by audiences
- Two-Thirds of European Men Descend From Three People
- Daniel Pipes calls the rulers of Iran "madmen" on official Iranian TV
- A Professor Tries to Beat Back a News Spoof That Won’t Go Away
- NYT History Book Reviews: Who Got Noticed this Week?
- Sean Wilentz is being called “Hillary’s Historian"
- Hundreds of British historians challenge assumptions of “Historians for Britain” campaign