4 ms·
Precisely. I inherited tens of millions, then invested it, should I pay a lower rate than a person that works for a living?
by jshen 15y ago
Precisely. I inherited tens of millions, then invested it, should I pay a lower rate than a person that works for a living?
- simplefish 15y agoI have no idea if you should, but in the US, you probably will. Depending on what year you inherited the money, you'll have paid up to 55%.
- jshen 15y agoThat seems reasonable. My problem is with the party that wants to abolish the estate tax and cut capital gains taxes.
- analyst74 15y agoIn that case, the more "fair" solution is high inheritance tax (maybe it's already in place?). Discouraging long-term investment through high capital gain is not a good solution.