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Then you can borrow against the Van Gogh for the rest of your life and likely never pay taxes. Then when you die, assuming your Van Gogh minus what you borrowed

Then you can borrow against the Van Gogh for the rest of your life and likely never pay taxes. Then when you die, assuming your Van Gogh minus what you borrowed to live is less than the estate tax exemption (today it sits ~$12M or $24M if married) you can pass on the $12M/$24M to your kids federal tax free. Is that fair? IDK.

eweise 4y ago
Well estate tax is a different matter. I think its in the best interest of the country to tax estates heavily above a certain limit to help eliminate royalty in the US.