Re:Note from Mark Zuckerberg
by thecrow1213 on Wednesday April 27, 2016 @06:53PM
(#11585257)
Seriously, why? Doesn't estate taxes only apply to large large large estates, and wouldn't apply to the majority of homeowners in America?
[ Parent
| on HN ]
Re:Note from Mark Zuckerberg
by disremembered on Wednesday April 27, 2016 @06:57PM
(#11585282)
$5,450,000 for 2016
https://www.irs.gov/Businesses/Small-Businesses-%26-Self-Emp...
But note that a married couple gets twice that, so a married couple can give nearly $11 million to their children completely tax free (PLUS children get a step up in basis on any capital assets that are inherited). Only a teeny, teeny percentage of estates meet that threshold.
Re:Note from Mark Zuckerberg
by themartorana on Wednesday April 27, 2016 @09:15PM
(#11585956)
That's federal. In NJ, the line is $675k. It's different in other states, obviously.