3 ms·
If you built a house one month after you died, would you expect it to be given to the state? IP is more about property than a job, I think.
by rtpg 12y ago
If you built a house one month after you died, would you expect it to be given to the state?
IP is more about property than a job, I think.
- dragonwriter 12y ago> If you built a house one month after you died, Nice trick, that.
- ak217 12y agoMost of it, yes, in the form of estate taxes. Unless the heir is a spouse. Hereditary transfer of IP is a bizarre anachronism.
- JulianK 12y agoJohn Oliver did a bit in his wealth gap segment where he mentioned that, in the US, estate taxes are exempt even to children on amounts up to 5 million, and up to 10 million if it's a couple leaving the amount to their children. General searching around turns up these numbers here and there as well. Assuming that is in fact true, _most_ people shouldn't be giving up anything in estate taxes.
- dragonwriter 12y ago> Most of it, yes, in the form of estate taxes. Estate taxes in the US are 40% and the first ~$5 million in value is exempt. So its impossible to lose most of any estate to estate taxes in the US, and very few estates (0.14% [1]) are subject to any estate tax at all. [1] http://www.cbpp.org/files/estatetaxmyths.pdf http://www.cbpp.org/files/estatetaxmyths.pdf