Should the current estate tax rate be decreased?

The estate tax is a tax that is levied on all property that is declared in a deceased person’s will. The tax is also known as the “inheritance tax” or “death tax.” Proponents of the tax argue that more estates should be subject to the tax and the threshold should be lowered. Opponents of the tax argue that people who have paid income taxes their entire life should not be subject to another tax when they die.