Study Question Set #2 for Perfectly Legal

1. Why did the term death tax catch on as opposed to the previously used "estate tax"?

2. What do privileged, very rich Americans like George Soros, Bill Gates Sr. and especially Warren Buffet believe will happen if the estate tax is repealed?

3. Why did the publisher of the family-owned Seattle Times not like the idea of a gift and estate tax being repealed?

4. How was the alternative minimum tax an outgrowth of the 1986 Tax Reform Act?

5. What was Daniel Patrick Moynihan's criticism of the claims in 1983 that Social Security would start to run in the red?

6. Why does Johnston imply that simply repealing the Alternative Minimum Tax is not a good idea?

7. What deal did the Clinton administration make to save the earned income tax credit with those who wanted to dismantle it?

8. How does corporate America actually make money off the earned income tax credit?

9. How did Senator William Roth convince Congress to pass the IRS Reform and Restructuring Act of 1998?

10. Why does Johnston suggest that Frank Luntz urged his political clients to use the IRS as a political tool?

11. Extra Credit.What were the findings of the General Accounting Office regarding the testimony given at the Senate Finance Committee?