2 ms·
A dependent is somebody who relies on somebody else for financial support[1]. So no, if the dependents aren't actually dependents, they won't be destitute. [1]
by groby_b 10y ago
A dependent is somebody who relies on somebody else for financial support[1]. So no, if the dependents aren't actually dependents, they won't be destitute.
[1] Tax law specifies that as a gross annual income of $4,050. Which in itself is probably debatable, but is certainly well below "making your own living".
- yequalsx 10y agoi read dependent as child. Yes if they are true dependent you are correct. Remedies can be created in such cases and it isn't necessarily true that dependents in 100% estate tax societies have to be destitute. Policies and programs can be created put in place. Exemptions can be made too. Whatever the case, it is bad policy to base inheritance tax for everyone on the small possibility that we are discussing.