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5. just for perspective, even *gifts* to family members are taxed

Wed Apr 26, 2017, 03:19 PM

Apr 2017

there is an annual exemption of $14,000 (which can be used per parent, per child; e.g., two parents of three kids could gift 2x3=6 times this amount, or $84,000 per year tax-free -- if you have that much to gift, of course!)

but other than a similar lifetime gift exemption, gifts beyond that amount are taxed. so eliminating the estate tax would make transferring wealth to an heir pretty much the only way to exchange money completely tax free.

why on earth should heirs to extremely wealthy estates uniquely benefit in this way?

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Eliminates the Estate Tax. [View all] nikibatts Apr 2017 OP

Most people have no idea how the inheritance tax works. MineralMan Apr 2017 #1

$5.45M per individual/$10.9M per couple exboyfil Apr 2017 #2

just for perspective, even *gifts* to family members are taxed unblock Apr 2017 #5

Because DJT doesn't have that many years left Trekologer Apr 2017 #6

Eliminating 'estate tax' has highest priority for any wealthy family! Fuck...... dmosh42 Apr 2017 #3

These doofuses really believe that when they cash out their COLGATE4 Apr 2017 #4

no, these doofuses really believe that they'll somehow actually *have* well over $5.5mm unblock Apr 2017 #7

When my FIL passed, my husband and his sister each got a large six-figure check and 20 acres. haele Apr 2017 #8

Linguistics win again superpatriotman Apr 2017 #9

when has the gop done ANYTHING that doesn't further concentrate wealth and power into wiggs Apr 2017 #10

grover norquist's wet dream. republicans in name only. pansypoo53219 Apr 2017 #11