.15

[Dot Com]

^ the amount of households affected by the inheritance tax. The min threshold is also $10 MILLION you Fox kool aid drinking drones

FACT CHECK Estate tax hits fewer than 1 percent of estates - US News

Ten Facts You Should Know About the Federal Estate Tax Center on Budget and Policy Priorities

Only the wealthiest estates pay the tax because it is levied only on the portion of an estate’s value that exceeds a specified exemption level — $5.43 million per person (effectively $10.86 million per married couple) in 2015

 

[pillars]

Is that a percentage? Your post makes zero mathematical sense.

 

[Staidhup]

So what right does the government have toward any of ones savings? Because a small minority is effected it makes it right? Still confused? Or is it a case that you feel entitled to the sweat that runs down another's back? I would love to be in that 15% group, but it just isn't going to happen, especially considering I pay taxes, and taxes on the earnings from savings. One thing is for certain, 15% now 45% later, because as all politicians and civil servants will tell you, enough is just not enough, nor is it in their vocabulary.

 

[Dot Com]

Republicans push to end estate tax - Chicago Tribune
(snip)

WASHINGTON — Congressional Republicans have narrowed the estate tax so much that it affects only about 5,500 wealthy American households a year. Now they want to eliminate the tax altogether — with a bonus for heirs.

That move — simpler and more generous than previous repeal efforts — would let billions of dollars in income and assets escape all U.S. taxes. The plan would cost the U.S. government $269 billion in lost revenue over a decade.

The House of Representatives will vote this week on the latest effort to repeal the tax, which is now paid by only 0.2 percent of U.S. estates. Republicans are drawing attention to what they see as an unjust levy by bringing up the legislation at the annual tax-filing deadline.

 

[DarkFury]

Republicans push to end estate tax - Chicago Tribune
(snip)

WASHINGTON — Congressional Republicans have narrowed the estate tax so much that it affects only about 5,500 wealthy American households a year. Now they want to eliminate the tax altogether — with a bonus for heirs.

That move — simpler and more generous than previous repeal efforts — would let billions of dollars in income and assets escape all U.S. taxes. The plan would cost the U.S. government $269 billion in lost revenue over a decade.

The House of Representatives will vote this week on the latest effort to repeal the tax, which is now paid by only 0.2 percent of U.S. estates. Republicans are drawing attention to what they see as an unjust levy by bringing up the legislation at the annual tax-filing deadline.

You have NO right to steal from people I do not care if it's five or five hundred.

 

[Dot Com]

A big tax break for billionaires courtesy of the GOP - LA Times

In addition, one-third to one-half of the value in the estates worth more than $5 million comes from capital gains that have never been taxed. That puts a hefty dent in the "double taxation" argument. Besides, income is usually taxed twice — once when it's earned (income taxes) and again when it's spent (sales taxes and property taxes) or bequeathed (estate taxes).