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A comment on Bezos donates $100M each to CNN contributor Van Jones and chef Jose Andres. Parent comment

Re:Bezos donates $100M each to CNN contributor Van Jones and... by cantrevealname on Wednesday July 21, 2021 @05:03PM (#27912137)
Heirs in the United States don't pay capital gains tax, but doesn't the estate of the super rich guy have to pay up to 40% in estate taxes on all his assests (with an exemption on the first ~$5M)?

Jeff Bezos is worth $200B. If he died, his estate would have to pay 40% estate tax on $195B in assets (first ~$5M being exempt), which is $78B in tax. That's still a hell of a lot tax. I know there were some loopholes used by the Walton family and other super rich, but isn't the above how it's supposed to work?

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Re:Bezos donates $100M each to CNN contributor Van Jones and... by null0pointer on Thursday July 22, 2021 @12:48AM (#27915471)
> 40% estate tax on $195B in assets (first ~$5M being exempt)

I think you mean $199.995B, but doesn't change the outcome much anyway.

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