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Cite for that 97% figure? I was under the impression there's a large exemption for inheritances under a few million and then it's still a number lower than inc
by refenestrator 5y ago
Cite for that 97% figure?
I was under the impression there's a large exemption for inheritances under a few million and then it's still a number lower than income tax on the rest.
Philosophically, you don't own anything after you're dead. Someone else, alive, is getting income in the form of an inheritance.
- suzzer99 5y agoOf course 97% is nonsense. And $11.7M per family is completely untaxed, something the billionaires pushing for an end to inheritance tax do an amazing job of obfuscating.