2 ms·
We don't really know anything about the OP. It's possible he is not rich, the house is not worth that much and that's all he has/inherited, he doesn't have mone
by csomar 6y ago
We don't really know anything about the OP. It's possible he is not rich, the house is not worth that much and that's all he has/inherited, he doesn't have money to pax the tax, and thus will need to sell the home at (probably) a discount to cover the tax bill.
He could be actually slipping from middle-class as we speak.
- mckirk 6y agoThat was my initial impression of the OP actually, but after looking at [1], it seems they wouldn't have to pay an estate tax at all if the inheritance wasn't worth at least $5.3 million. [1]: https://americansfortaxfairness.org/tax-fairness-briefing-booklet/fact-sheet-the-estate-inheritance-tax/ https://americansfortaxfairness.org/tax-fairness-briefing-bo...
- jjeaff 6y agoI believe the Trump tax bill raised that limit to $10m.