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In the US: >As of 2021, only estates valued at $11.70 million or more are subject to federal estate tax. No sympathy for people who think that sort of windfal
by rtpg 5y ago
In the US:
>As of 2021, only estates valued at $11.70 million or more are subject to federal estate tax.
No sympathy for people who think that sort of windfall from their parents should somehow be untouchable.
- 1123581321 5y agoYes, I think you may have misunderstood what I said. There are people worried about the threshold lowering, e.g., taxing estates of only a few hundred thousand, or perhaps anything (I'm not saying a lowering to this degree is remotely likely.) So they complain about the estate tax at its current levels. It's an example of the tug-of-war mentality that appears in much of American politics.