2 ms·
> As much as in theory inheritance tax is a solution for the problem, I don't think in practice it works well. The ultra rich will always have avenues to escape
by dlp211 7y ago
> As much as in theory inheritance tax is a solution for the problem, I don't think in practice it works well. The ultra rich will always have avenues to escape tax. The middle class instead, trying to secure a better future for the family, will get hit the hardest.
The middle class is not subject to Federal Estate taxes. The exemptions are $11MM and $22MM if the estate first passed to a spouse. Neither of those are middle class amounts of wealth.
- aledalgrande 7y agoThose seem pretty high ceilings for middle class, but would someone who has 10B in assets really pay out? I am skeptical in practice it would happen. But you never know, in Canada taxes seem to work.