AfterNova@lemmy.world to Ask Lemmy@lemmy.world · 1 day agoShould the US have a 40% federal inheritance tax?lockmessage-squaremessage-square13fedilinkarrow-up110arrow-down119
arrow-up1-9arrow-down1message-squareShould the US have a 40% federal inheritance tax?lockAfterNova@lemmy.world to Ask Lemmy@lemmy.world · 1 day agomessage-square13fedilink
minus-squareTubularTittyFrog@lemmy.worldlinkfedilinkarrow-up2·edit-223 hours agothe gift limit is 19K. above that gifts are taxed progressively. maybe inheritance limit should be like 100x that? so if you inherent 1.9 million you get taxed or maybe its like 190K but the tax at that value is like 1%
the gift limit is 19K. above that gifts are taxed progressively.
maybe inheritance limit should be like 100x that? so if you inherent 1.9 million you get taxed or maybe its like 190K but the tax at that value is like 1%