this post was submitted on 14 Jan 2024
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The wealthy (lemy.lol)
submitted 10 months ago by King@lemy.lol to c/whitepeopletwitter@sh.itjust.works
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[–] GreyEyedGhost@lemmy.ca 9 points 10 months ago

If you read into it, it's even crazier. Imagine you have a wealthy couple with 3 kids. Each kid can inherit $13 million from each parent. So if things are done right, there won't be any inheritance tax unless this hypothetical couple have over $78 million (and there are other steps to increase that amount even further).

I'd sure hate to drive those poor millionaires into poverty with that inheritance tax.