This article is wrong in a few ways from my understanding. Gifts are not automatically taxed. You can give up to $10.96M dollars tax free over a lifetime to a s

This article is wrong in a few ways from my understanding. Gifts are not automatically taxed. You can give up to $10.96M dollars tax free over a lifetime to a specific reciever. Also every year you can give up to $14K without it counting against the $10.96M; else you just need to keep track of the running total. source: IRS forms (709) Furthermore, one thing the author has missed is that all of listed taxable instances are economic transactions aka doing business. Inheritance is no such thing, it is a simply transfer of title. Whether that should be taxed is a completely different discussion.