2 ms·
Your birth is effectively random, but the inheritance might be very much intentional. Parents might choose to build something for generations to come rather tha
by ftrobro 3y ago
Your birth is effectively random, but the inheritance might be very much intentional. Parents might choose to build something for generations to come rather than spending everything they earn on themselves.
> Inheritance tax is progressive like income tax.
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> Think multinational companies, not local farms.
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> A family business needs to be quite big to be threatened by inheritance taxes.
Depends on which country you're referring to. In Sweden before 2005 inheritance tax was a flat 30 % for any inheritance above $60k. Which meant that children would need to pay a lot of money in taxes just to keep the house they grew up in after their parents passed away.