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Web Exclusives:
TigersRoar
More letters from alumni
about Estate
tax repeal
June 6, 2001 PAW
Whenever I hear
a lament that a reduction in income or capital gain tax rates would
adversely affect charitable giving I am reminded of the seven-figure
donor to Princeton some years ago who made a gift pledged over several
years but specified that his commitment for the future years was
conditioned on there being no increase in the income tax rates.
He was giving such a large amount because he had more money after
taxes, not because he wanted to avoid taxes. Give your donors some
credit for their loyalty, and stop crying, “Wolf!”. The
advantages of a repeal of the estate tax are not just “slight”;
they are substantial.
Van Zandt Williams is certainly more levelheaded about this prospect
than the Ad-Hoc Tax Group.
Joseph Neff Ewing, Jr. ’47
West Chester, Pa.
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