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A comment on Note from Mark Zuckerberg. Parent comment

Re:Note from Mark Zuckerberg by KZeillmann on Wednesday April 27, 2016 @09:15PM (#11585954)
Then why not tax everyone when they pass money/assets onto their kids? Why is there an arbitrary ~$5.1 million cutoff?

(Not that I have anywhere near that much money, but it's the principle)

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Re:Note from Mark Zuckerberg by bufordsharkley on Wednesday April 27, 2016 @10:40PM (#11586258)
Taxing everyone would be the "correct" solution, but it's more pragmatic/politically expedient to allow a $5mil exemption.
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Re:Note from Mark Zuckerberg by kllrnohj on Thursday April 28, 2016 @11:59AM (#11589816)
There's always a cutoff just due to practicality. If you give a friend $5 probably neither of you filed taxes for that. If you give a friend $10m, well, the IRS will probably notice that one.

(in the case of a gift tax the cutoff is $14k and yes it applies to your children, see: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Emplo... )

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