Re:Study: A universal basic income would grow the economy
by filoeleven on Friday September 01, 2017 @10:35AM
(#15148632)
> For the regular person - or even top 10% - all the 100% estate tax would mean is that dad's classic car that you restored together gets sold at auction instead being passed down
Regular people won't be affected, only a fraction of the richest 1%:
> a maximum amount, varying year by year, can be given by an individual, before and/or upon their death, without incurring federal gift or estate taxes:[2] $5,340,000 for estates of persons dying in 2014[3] and 2015,[4] $5,450,000 (effectively $10.90 million per married couple) for estates of persons dying in 2016.[5] Because of these exemptions, only the largest 0.2% of estates in the U.S. will pay the tax.[6]
Regular people won't be affected, only a fraction of the richest 1%:
> a maximum amount, varying year by year, can be given by an individual, before and/or upon their death, without incurring federal gift or estate taxes:[2] $5,340,000 for estates of persons dying in 2014[3] and 2015,[4] $5,450,000 (effectively $10.90 million per married couple) for estates of persons dying in 2016.[5] Because of these exemptions, only the largest 0.2% of estates in the U.S. will pay the tax.[6]