Delta4Embassy
Gold Member
- Dec 12, 2013
- 25,744
- 3,045
Currently the exemption is 5.43 million dollars. Then the Estate Tax is 40% of what remains.
She didn't call on the inheritors to be drug tested.
It's legalized theft. They paid taxes on that money already. Simply moving it from one hand to another shouldn't justify taxing the same dollar twice. Of course, our tax system taxes the same dollar much more than twice so it's probably more accurate to say 'tax it again.'
Every dollar is taxed exactly one time. As soon as it's taxed, it ceases to be a dollar.
Yes, thanks for the refresher in temporal mechanics.