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Most of it, yes, in the form of estate taxes. Unless the heir is a spouse. Hereditary transfer of IP is a bizarre anachronism.
by ak217 12y ago
Most 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