News for hackers. Stuff that matters.

A comment on The Greatest Wealth Transfer in History Is Here, with Familiar (Rich) Winners. Parent comment

Re:The Greatest Wealth Transfer in History Is Here, with Fam... by sokoloff on Sunday May 14, 2023 @10:03AM (#35938082)
That they don't is all the more reason to not tax what they do have at 18-40% when they die and pass it to their heirs.
[ Parent | on HN ]
Re:The Greatest Wealth Transfer in History Is Here, with Fam... by standardUser on Sunday May 14, 2023 @10:23AM (#35938222)
Do you have a link to a proposal that suggests taxing inheritance for fortunes under $10 million at 40%? From what I understand, if the exemption reverts to previous levels, that would sit at about $6 million (an absurd amount of money to "middle class" families) and would only apply to the value beyond that $6 million. So even a fortune of $10 million would be taxed at well under 40%.
[ Parent | on HN ]