The Inheritance Tax Is Far Too Low

Re:The Inheritance Tax Is Far Too Low by odshoifsdhfs on Wednesday June 24, 2020 @12:31PM (#23630071)

I am not American so I don't know the proposals. In my country, assuming current market situation, he would get close to a million and a half, close to a 200-300k will probably be for taxes. (not sure of the exact numbers as I am not up to date with all the little taxes you pay).

For you to have an idea, Currently, for every euro I get, I pay in taxes+social security+etc(all the little taxes around everything) around 60% of the money to the government.

[ Parent | on HN ]

Re:The Inheritance Tax Is Far Too Low by AdamN on Wednesday June 24, 2020 @12:36PM (#23630184)

We're talking about lowering the $23MM estate lower bound to a smaller number. That was the reason I asked for numbers. Nobody works hourly and has $23MM.

[ Parent | on HN ]

Re:The Inheritance Tax Is Far Too Low by jacobush on Wednesday June 24, 2020 @12:37PM (#23630217)

I thought you were talking about the article.

[ Parent | on HN ]

Re:The Inheritance Tax Is Far Too Low by odshoifsdhfs on Wednesday June 24, 2020 @12:49PM (#23630448)

I was replying to parent:

'I've never understood why people think that just because, e.g., their parents created a business worth millions of dollars, they should get that for free.'

[ Parent | on HN ]