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The USA still has an estate tax.
by PaulDavisThe1st 2y ago
The USA still has an estate tax.
- JumpCrisscross 2y ago> USA still has an estate tax You're correct. Fixed. Would note that it's famously flouted, though usually not in entirety [1]. [1] https://www.bloomberg.com/view/articles/2014-01-30/only-idiots-pay-the-45-estate-tax https://www.bloomberg.com/view/articles/2014-01-30/only-idio...
- PaulDavisThe1st 2y agoThat Bloomberg article is provocatively named. You need to have assets about US$13M per person to be subject to the estate tax. So if "only idiots pay" the tax, they are rich idiots.