Hacker News new | ask | show | jobs
by refenestrator 1716 days ago
Cite for that 97% figure?

I was under the impression there's a large exemption for inheritances under a few million and then it's still a number lower than income tax on the rest.

Philosophically, you don't own anything after you're dead. Someone else, alive, is getting income in the form of an inheritance.

1 comments

Of course 97% is nonsense. And $11.7M per family is completely untaxed, something the billionaires pushing for an end to inheritance tax do an amazing job of obfuscating.