‘Paris Hilton Tax’ Vs. ‘Death Tax’: A Lesser-Known Fiscal Debate

Ben Franklin famously observed that nothing is certain but death and taxes.

So far, Congress hasn’t repealed the former, but the future of estate taxes — a largely overlooked piece of the “fiscal cliff” — remains uncertain as this year draws to a close.

Until now, most of the year-end tax debate has focused on the income tax, but another battle could be brewing over estate taxes.