Re:Turning the Labor Shortage Up to 11
by 1123581321 on Wednesday September 08, 2021 @08:37PM
(#28464811)
I think many people feel that if they don't constantly complain about the estate tax, the threshold will be lowered. They're not necessarily wrong.
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In the US:
>As of 2021, only estates valued at $11.70 million or more are subject to federal estate tax.
No sympathy for people who think that sort of windfall from their parents should somehow be untouchable.
Re:Turning the Labor Shortage Up to 11
by 1123581321 on Wednesday September 08, 2021 @11:06PM
(#28465768)
Yes, I think you may have misunderstood what I said. There are people worried about the threshold lowering, e.g., taxing estates of only a few hundred thousand, or perhaps anything (I'm not saying a lowering to this degree is remotely likely.) So they complain about the estate tax at its current levels. It's an example of the tug-of-war mentality that appears in much of American politics.
Re:Turning the Labor Shortage Up to 11
by marricks on Wednesday September 08, 2021 @09:00PM
(#28464993)
If it did get lowered to affect normal people it'd only be from the efforts of rich people to poison the well against the taxes.
Re:Turning the Labor Shortage Up to 11
by 1123581321 on Wednesday September 08, 2021 @11:08PM
(#28465775)
Interesting theory. I haven't read of any lobbying to that end (most seems to go into favorable windows and other means of exemption) but it would certainly create a larger block of opposition.