Review
LATE TO YOUR OWN FUNERAL: HOW TO LEAVE A LEGACY AND NOT A LOG JAM
Estate planning (Tampa), v 52(11), pp 33-35
01 Nov 2025
Featured in Collection : Drexel's Newest Publications
Abstract
While not really about law or even estate planning, it does have a list of questions to ask when youre hiring an attorney that I plan to share with my Trusts & Estates students, including "Is trust and estate law your main focus? HOW THE TAX CODE MADE AN AMERICAN ARISTOCRACY Ray D. Madoff, University of Chicago Press, 1427 E. 60th Street Chicago, IL 60637, 192 pages, $24.99 The Second Estate, by Boston College Law School Professor Ray D. Madoff, is a bird's eye view of the tax code, its history and some of the counterintuitive outcomes it creates. While a number of factors determine long term capital gains rates, the average rate is 15%, and the highest is 20% - far less than the highest income tax rates. Madoff shows that not only is the tax burden mostly on income from wages, but points out that employees also pay "payroll taxes," that is, taxes taken out of paychecks to fund programs for social security and Medicare. [...]in effect, wage earners pay taxes twice on the same wages.
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Details
- Title
- LATE TO YOUR OWN FUNERAL: HOW TO LEAVE A LEGACY AND NOT A LOG JAM
- Creators
- Deborah GordonCarla Spivack
- Publication Details
- Estate planning (Tampa), v 52(11), pp 33-35
- Publisher
- Thomson Reuters (Tax & Accounting) Inc; New York
- Resource Type
- Review
- Language
- English
- Academic Unit
- Thomas R. Kline School of Law
- Other Identifier
- 991022133531904721