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Government already takes a big % of inheritance. That's why some people decline it too ( Belgium). Default going to the state is insane and ineffective. Peopl
by NicoJuicy 5y ago
Government already takes a big % of inheritance.
That's why some people decline it too ( Belgium).
Default going to the state is insane and ineffective. People would give it away more during their life.
- mijamo 5y agoWell if you give it away during your life it would be taxed as income, so not really a problem for the state either.
- axiosgunnar 5y agoGifts are tax free for everyone but the 0.1%ers. It has nothing to do with income tax, since it was not income for work rendered - it was a gift.
- yourusername 5y agoThat really depends on the country. In the Netherlands gifts over €3244 are taxed 10-40% depending on the specific situation.