Re:It’s better to be born rich than gifted
by mrep on Saturday October 13, 2018 @11:47PM
(#18211248)
Money is generally taxed anytime it changes hands so an inheritance tax seems fine to me. Although, a 90% one would be ridiculous.
Also, if you are in the US, the estate tax is now $11.18 million per taxpayer (so 22 million for a couple) due to the Tax Cuts and Jobs Act of 2017. As a result, only approximately 2,000 people (or 0.0006% of the population) in the US are currently liable for estate tax [0] so you should be fine unless you already have fuck you money at which point it doesn't really matter because again, you have fuck you money.
Also, if you are in the US, the estate tax is now $11.18 million per taxpayer (so 22 million for a couple) due to the Tax Cuts and Jobs Act of 2017. As a result, only approximately 2,000 people (or 0.0006% of the population) in the US are currently liable for estate tax [0] so you should be fine unless you already have fuck you money at which point it doesn't really matter because again, you have fuck you money.
[0]: https://en.wikipedia.org/wiki/Estate_tax_in_the_United_State...