In Order To Ensure You Can View All The Graphics, ([link removed])

Click Here To View The Hotline In Your Browser ([link removed])
[link removed]

Unleash Prosperity Hotline
Issue #1300
07/07/2025
New to the Hotline? Click ([link removed]) here to subscribe–it's free. ([link removed])

1) Death Tax Defying

Whoops. In our long list on Thursday of the very impressive policy victories in the One Big Beautiful tax bill, we left out that the estate tax relief of 2017 is expanded and made permanent.

Our friends at the Family Business Coalition informed us over the weekend that the new law "increases the estate and gift exemptions to $15 million per individual and $30 million per couple, indexed for inflation. This change is made permanent."

Of course, the correct rate of tax on estates is zero, since the money has already been taxed when the heir was alive. But we're making progress. In 2001 the exempt amount was just $675,000 (about the cost of a medium-sized home) and the rate was 55%. Today, the rate is 40% with the much larger exemption.

This dumb and immoral tax raises just 1% of federal revenues, and the super rich, like Jeff Bezos and Bill Gates, will never pay a penny. That's why even when the rate was as high as 80% it didn't raise any money!

High Rates and Almost No Revenues
[link removed] Share ([link removed])
[link removed] Share ([link removed])
[link removed] Share ([link removed])
View on Website ([link removed])

2) Western Europe to Build a Berlin Wall to Keep Rich People from Leaving

Figuratively, not literally, of course.

The Euro-crats are building an "exit tax" wall to keep the millionaires from fleeing.
[link removed]

Bloomberg reports that Germany has now implemented an exit/wealth tax on unrealized capital gains of up to 45% on millionaires.

France recently adopted a similar 30% unrealized capital gains tax on those with incomes of $800,000 Euros or more who try to leave.

Norway has a 38% top cap gains rate and there is talk of applying that tax to exiles. Spain and Italy are debating these taxes on expatriates.

Why is it so hard for the greed and envy crowd to realize that, as Arthur Laffer puts it: taxes have consequences?

We wish to remind folks of the famous Rolling Stones hit album from the early 1970s called Exile on Main Street - an anthem about the band fleeing Britain for France.

“[I]n those days, in England, the high tax rate was 90 percent,” Jagger explained:

“You made 100 pounds, they took 90. So it was very difficult to pay any debts back. So when we left the country, we would get more than the 10 pounds out of 100. You know, we might get 50 or something."

One piece of good news: Trump has repealed Janet Yellen and the globalists' dream of a global minimum tax.
[link removed] Share ([link removed])
[link removed] Share ([link removed])
[link removed] Share ([link removed])
View on Website ([link removed])

3) The Middle Class Isn't Shrinking - It's Getting Richer

One of the many fabrications of the National Conservatives (NatCons) is that the middle class is being "hollowed out."

Wrong. The middle class is moving up the economic ladder. As economist Mark Perry points out, after adjusting for inflation, three times more Americans make at least $100,000 than was the case in 1970.
[link removed]
[link removed] Share ([link removed])
[link removed] Share ([link removed])
[link removed] Share ([link removed])
View on Website ([link removed])

4) New Jersey‘s Latest Tax Heist: Progressive Property Tax Rates

Speaking of moving out, here's the latest brilliant idea from Governor Phil Murphy: raise the tax rate on the most expensive homes just in case there are still any rich people that need to be chased out of the state.

Under Murphy's Law, which takes effect this month, the extra fee for selling a $1 million house is now 1%, going up in stages to 3.5% for houses costing $3.5 million. These are some of the highest property transfer tax rates in America.

The tax is supposed to tax the rich, but nearly everyone gets battered.

"For a million dollars, you're certainly not getting a mansion anymore," Assemblywoman Nancy Munoz says. Statewide, the average sale price for a single-family home in New Jersey is over $700,000. A decade ago, that average was $309,000.
[link removed]
[link removed] Share ([link removed])
[link removed] Share ([link removed])
[link removed] Share ([link removed])
View on Website ([link removed])

5) You Say You'll Change the Constitution

There are many explanations for the decline in patriotism we reported last week, but surely one factor is that public schools and even many private schools, now rarely teach civics or a positive view of America's founding.

A new Cato Institute poll of over 2,000 Americans reveals a shocking level of ignorance about U.S. history and our government. A majority of people don't know why the American colonies adopted the Declaration of Independence to separate from Britain on July 4, 1776 (53%).
[link removed]

Young people were the least likely to know, with 65% of 18-29 year olds expressing ignorance. Apparently, "these truths" are NOT so self-evident.

Maybe that explains why 53% of that group also support writing a new U.S. Constitution.

By the way, the other groups most in support of writing a new Constitution didn't surprise us - they include strong liberals (50%) and government employees (54%). So long "checks and balances."
[link removed]
[link removed] Share ([link removed])
[link removed] Share ([link removed])
[link removed] Share ([link removed])
View on Website ([link removed])

6) Now THIS We Would Watch

Know anyone else who would appreciate the Hotline? Please direct them to subscribe at: [link removed] ([link removed])

Have an idea for an item that should be in our newsletter? Send us any charts, statistics, heroes/villains, or humor that you’d like to see featured!
[link removed]
[link removed]
[link removed]

Copyright (C) 2025 Unleash Prosperity. All rights reserved.
You are receiving this email because you opted in via our website.
Our mailing address is:
Unleash Prosperity
1155 15th St NW Ste 525
Washington, DC xxxxxx-2706
USA
Want to change how you receive these emails?
You can update your preferences ([link removed]) or unsubscribe ([link removed])