when i experienced death in my family nobody got taxed. i was there was a value associated with the property. the last study done in 2009 on this issue found if you repeal the death tax against something there is bipartisan support to do you create 1.5 million jobs. you infuse 1.6 trillion capital back into the small business economy. megyn: right now you are not subject to this unless you have an estate over $5 million and you get taxed up to 35%. at the end of this year. if you have estate worth $1 million you get taxed at 55%. barack obama accepted he would like it to be exempt up to $3.5