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A comment on The US is building factories at a wildly fast rate. Parent comment

Re:The US is building factories at a wildly fast rate by adgjlsfhk1 on Thursday June 08, 2023 @11:49PM (#36252881)
inheritance tax kicks in around 10 million dollars. it doesn't touch the middle class. it touches billionaires who die and leave a hundred million to everyone in their family.
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Re:The US is building factories at a wildly fast rate by User23 on Friday June 09, 2023 @01:05AM (#36253455)
Billionaires have trusts and foundations and lawyer knows what else. It doesn't touch them at all.

Also a 700 acre farm, which is an at most medium size family farm, could easily have a nominal value north of 10 mil even though there's no way it's returning 1 million a year net. Same for a modestly profitable small business.

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Re:The US is building factories at a wildly fast rate by eppp on Tuesday June 13, 2023 @09:02AM (#36309656)
Shouldn't small businesses and farmers plan ahead and create a plan for divesting before they die or purchase life insurance with a payout large enough to cover the taxes at death? It seems like these problems are easily dealt with.
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