AfterNova@lemmy.world to Ask Lemmy@lemmy.world · 2 days agoShould the US have a 40% federal inheritance tax?lockmessage-squaremessage-square13fedilinkarrow-up110arrow-down120
arrow-up1-10arrow-down1message-squareShould the US have a 40% federal inheritance tax?lockAfterNova@lemmy.world to Ask Lemmy@lemmy.world · 2 days agomessage-square13fedilink
minus-squareTubularTittyFrog@lemmy.worldlinkfedilinkarrow-up3·edit-22 days 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%