3 ms·

Probably not. Estate taxes are low

• mikeyouse 5y ago
  Estate taxes don't exist for 99.7% of people. A married couple can exempt the first $24M of their estate from any Federal taxes. https://www.kiplinger.com/taxes/601639/estate-tax-exemption-2022 https://www.kiplinger.com/taxes/601639/estate-tax-exemption-... Mind you, this also avoids a ton of tax that would otherwise be due had they not died via the step-up in basis... it's a massive giveaway to the rich. https://www.investopedia.com/terms/s/stepupinbasis.asp https://www.investopedia.com/terms/s/stepupinbasis.asp
  • dragonwriter 5y ago
    > Estate taxes don't exist for 99.9% of people. Which supports the claim that they are low, and, consequently that young people (who often stand to inherit from their elderly relatives) have a stake in the investments of old people not getting wiped out.
    • mikeyouse 5y ago
      Of course young people have a stake in their rich parents not getting wiped out - but it has nothing to do with the estate tax.