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).
- Poll: Majority Of Americans Say Obama Is Mixed Race, Not Black
- New technology helps paleontologists see Ice-Age bee in intricate detail
- History textbooks in crosshairs of Australia's curriculum wars
- Archaeologists' findings may prove Rome a century older than thought
- 150 years of medical journals to go online
- She Came All the Way from Melbourne to Attend the OAH
- The 7 Most Popular HNN Videos from the 2014 OAH
- U.Va. Historian Alan Taylor Wins 2014 Pulitzer for Book on Slaves and War -- His second Pulitzer!
- UW Professor Stephanie Camp, 46, feminist historian, dies
- Italian forces in WW2 were not soft and Mussolini wasn't a clown, British historian claims