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This isnt abstract, modulo reasonable thresholds Gifts are taxed as income by value in most countries. Inheritance (in the US) _is_ the weird wealth transfer ex
by donavanm 2y ago
This isnt abstract, modulo reasonable thresholds Gifts are taxed as income by value in most countries. Inheritance (in the US) _is_ the weird wealth transfer exception.
- TZubiri 2y agoInteresting. Just checked and in argentina there is no federal tax gift, and in some provinces it's just much lower. We also have a wealth tax so that may address the gen wealth issue in another manner. Tax is like that different in every country and hard to compare apples to apples.
- donavanm 2y agoEntirely fair point, and it always makes internet discussions more complicated without innumerable caveats.