Harry Reid: “The other thing I ask the Senator is every State--I should not say every State because I am not certain it is true but I…”

“The other thing I ask the Senator is every State--I should not say every State because I am not certain it is true but I believe it is true--every State in the Union has an inheritance tax; if not every State, virtually every State. The State of Nevada 10 years ago passed its own inheritance tax. Does the Senator realize there is an offset; that is, of the Federal tax that is collected, if a State has an inheritance tax of its own, it comes out first and goes to the State of Nevada or the State of California, for example, rather than the Federal Government?”