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I love how this article blatantly lies in the title when there's clearly an inheritance tax which actually has not been adjusted with inflation so it keeps hitt
by 0x0nyandesu 5y ago
I love how this article blatantly lies in the title when there's clearly an inheritance tax which actually has not been adjusted with inflation so it keeps hitting more and more people who aren't billionaires and the fact that it's a literally a double dip tax which is on money that has already been taxed. And the fact that it literally doesn't even matter. Inheritance tax is such a small part of the federal income. Just increase taxes on capital gains above 10 million a year and call it a day.
- panarky 5y ago> there's clearly an inheritance tax The point is if you're rich enough to pay the inheritance tax, you're rich enough to hire professionals to structure your estate so that you never actually pay any inheritance tax. > small part of the federal income It would be a bigger part of federal revenue if rich people actually paid it.
- 0x0nyandesu 5y agoTaxing everything doesn't work. Rich people will just leave the country while alive and still pass on their wealth to their children. It's as easy as buying a painting and hanging it in your kid's house.