Richard Thaler’s latest Economic View column:
Consider three courses that Congress might take:
• Do nothing and go back to the 2001 exemption and rates.
• Make the 2009 rates and exemption permanent, an approach that the Obama administration favors.
• Make the 2010 rules permanent, thereby eliminating the estate tax, as the Republican leadership would like to do.
In thinking about these options, let’s debunk two common misconceptions.
Read more here.