even of those 80 at the end of the day, you probably won t see them paying that because they ve got tax preparers. because they ve already taken care of it. 40% is the statutory rate for the estate tax which republicans call the death tax. the effective rate that most states pay on average, 17%. so again because if you re that wealthy, if you are a farm owner, a business owner, you ve got sophisticated tax preparers and planners that put tools in place to avoid paying it. because the estate has been to be worth $4.94 million or something. below that, there s no tax payable. if it s worth $5 million, you pay tax on just the difference between that and $4.94. that s it. and a person who has a business worth that, they re simply not getting a bill in the mail from the irs and taking a checkbook out of their drawer and writing a check. they ve got a sophisticated plan in place. and estate tax is on the value of your estate.
gm has linked the problem tied to faulty ignition switches to 13 deaths and has recalled 1.6 million cars. in other news, at&t cuts wireless data charges for noncontract users. to compete with t-mobile. lastly, priceses a the pump are rising. . the latest industry surveys shows regular average is up ten cents in the past two weeks. los angeles has the highest price at $3.94. almost $4. some stories making news now this morning, south by southwest 2014 is in full swing later this morning, nsa leaker edward snowed een is expected to make an appearance on a telecast.
civil rights hero congressman john lewis who yesterday helped commemorate the 50th anniversary of the march on washington for jobs and freedom was back in atlanta today and there he reportedly saw on televisions strikes outside fast food restaurants across the country. john lewis then went and joined one of those picket lines in atlanta. i do not understand how people survive. right. when they re yes, sir. in a country like ours, we can do much better. sometimes we re too quiet. you re right. sometime you have to find a way to make a way out of no way. sometimes you have to find a way to get in the way. to find a way to get in the way. the average employee at a fast food restaurant in this country makes $8.94 per hour. we talked about repeatedly on this show, spoken with workers here in this studio, they tell
congressman john lewis who yesterday helped commemorate the 50th anniversary of the march on washington for jobs and freedom was back in atlanta today and there he reportedly saw on televisions strikes outside fast food restaurants across the country. john lewis then went and joined one of those picket lines in atlanta. i do not understand how people survive. right. when they re yes, sir. in a country like ours, we can do much better. sometimes we re too quiet. you re right. sometime you have to find a way to make a way out of no way. sometimes you have to find a way to get in the way. to find a way to get in the way. the average employee at a fast food restaurant in this country makes $8.94 per hour. we talked about repeatedly on this show, spoken with workers here in this studio, they tell us that is not enough. today an industry that had never been faced a large-scale strike had its workers walk out in 60 cities in 1,000 stores across the country. the largest such