Saturday, September 10, 2005
Hurricane Katrina may have cost very wealthy people a lot of money. Perhaps it would be more accurate to say that it may have cost their heirs a lot of money.he cost came not from the direct effects of the disaster. It came because the hurricane's impact on the poor people who remained in New Orleans made it politically unattractive for the Senate to vote on repealing the estate tax this week.
For other interesting tax blogosphere commentary on Katrina and tax policy, see: