General Discussion

csziggy

(34,189 posts)

7. Inheritance tax is not the main problem - tax loopholes are!

Sat Jan 18, 2014, 03:48 PM

Jan 2014

Any estate attorney worth the name can structure things so an estate will have little or no inheritance taxes. Those loopholes need to be closed if you want to cut the holdings of the 1%.

Right now there is no inheritance tax for estates below 5 million dollars - but even at that amount estates of tens of millions pay little estate taxes if the attorneys plan carefully.

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Highlight:

Krugman: The Myth of the Deserving Rich [View all] ProSense Jan 2014 OP

Rec for inequality. n/t PowerToThePeople Jan 2014 #1

I was wondering if Dr. K was going to respond to David Brooks's column yesterday! CTyankee Jan 2014 #2

Very interesting. theHandpuppet Jan 2014 #3

As if Sam Walton's children, for example, earned any of their money. As if! They are the "takers". SharonAnn Jan 2014 #9

Inheritance tax of all but $1 million tabasco Jan 2014 #4

Inheritance tax is not the main problem - tax loopholes are! csziggy Jan 2014 #7

Down with tax loopholes! oldhippie Jan 2014 #10

k/r fishwax Jan 2014 #5

We were having a similar discussion in a different thread frazzled Jan 2014 #6

The uber wealthy really ought to be taxed out of existence. hunter Jan 2014 #8

Check out what Thom Hartmann has to say about this.... elzenmahn Jan 2014 #11

K&R big time. Faygo Kid Jan 2014 #12

"wealth is the reward for virtue" Spitfire of ATJ Jan 2014 #13

Nobody Needs A Fortune of Hundreds Of Millions colsohlibgal Jan 2014 #14

K^R! Cha Jan 2014 #15

k&r n/t RainDog Jan 2014 #16