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A comment on Hong Kong Property Tycoon Gave Away Children’s $400m Inheritance. Parent comment

Re:Hong Kong Property Tycoon Gave Away Children’s $400m Inhe... by beefield on Tuesday April 23, 2019 @01:04PM (#19730573)
I have thought that there would be no need to leave anything of significant monetary value to my kids. Either they are smart and they do not need that. Or they are dumb and they do not deserve that.

And if I could choose, I would highly prefer paying my taxes not from my income when I am alive, but from the estate I leave after I am dead. For some reason that is completely mindboggling to me, this preference seems to be quite rare...

[ Parent | on HN ]
Re:Hong Kong Property Tycoon Gave Away Children’s $400m Inhe... by floe on Tuesday April 23, 2019 @01:14PM (#19730686)
What would prevent you from just spending / donating your whole estate before you passed and then paying zero taxes? Or is that a feature in your system?
[ Parent | on HN ]
Re:Hong Kong Property Tycoon Gave Away Children’s $400m Inhe... by beefield on Tuesday April 23, 2019 @02:46PM (#19731556)
Of course there are practical issues in paying all of my taxes from my estate, but I can still hope that I could pay a bit more of my taxes after my death and less while I live.
[ Parent | on HN ]