Proponents of the estate and gift tax argue that the tax is necessary because

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Proponents of the estate and gift tax argue that it prevents the accumulation of wealth across generations, which they view as an unfair advantage for certain families. While the tax does generate revenue for the federal government, it is not the largest source of revenue and is not the primary source of funding for programs like Medicare and Medicaid. The fact that some items may not have been previously taxed is not the main rationale for the estate and gift tax.

Proponents of the Estate and Gift Tax Argue That the Tax