this post was submitted on 14 Jan 2024
657 points (98.2% liked)

People Twitter

5042 readers
1108 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

  1. Mark NSFW content.
  2. No doxxing people.
  3. Must be a tweet or similar
  4. No bullying.
  5. Be excellent to each other.

founded 1 year ago
MODERATORS
SendMeYourTaTas@sh.itjust.works
pelespirit@sh.itjust.works
657
The wealthy (lemy.lol)
submitted 8 months ago by King@lemy.lol to c/whitepeopletwitter@sh.itjust.works
54 comments fedilink hide all child comments
 

https://mastodon.social/@FluentInFinance/111754405817875275

you are viewing a single comment's thread
view the rest of the comments
[–] JimmyChanga@lemmy.world 4 points 8 months ago

There are ways to lessen the load, gifts can be given before death though you have to live on for seven years or tax is collected, trusts can be set up, if property is left to a spouse or direct descendent, then up to a certain value it's got a nil rate... but its not great