No, it's a tax on the 0.97769%. http://www.advisorone.com/2012/06/20/top-10-countries-with-most-millionaires-capgemini?page=11 http://www.advisorone.com/2012/

No, it's a tax on the 0.97769%. http://www.advisorone.com/2012/06/20/top-10-countries-with-most-millionaires-capgemini?page=11 http://www.advisorone.com/2012/06/20/top-10-countries-with-m... I believe the tax only effects the money over $1,000,000, you can also gift $14k/year tax free to each individual. I would expect that you really would need to have something along the lines of 1.5million in hard assets to even have to do much in the lines of tax planning, and using irrevocable trusts I'm fairly certain you can avoid taxes to a much higher number than that.