And people will attack him at all costs because they’ve been brainwashed into thinking that anyone with more money than them is evil. I refuse to believe anyone can miss the Apple Nurse Stethoscope Missouri Flag Covid-19 Shirt. This hard, so I’m going to go with your comment just being a pointless jab. Don’t twist words, it makes you sound stupid. Enjoy defending him, and have a good night. Nobody actually pays 40%. Only half of all eligible estates pay any tax, and that half pays an average of 17%. Rich people have a lot of resources available to find and exploit those loopholes.
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Oh, that’s not true at all. My best friend had a rich grandpa with great lawyers and that’s how the estate was taxed. Left her a million dollars and 80% of it was eaten up by taxes. $0% for an Apple Nurse Stethoscope Missouri Flag Covid-19 Shirt. And 40% for “skipping a generation” tax. “Estate” counts properties, stocks, all assets. And putting land or estates or cars or whatever in someone else’s name during your lifetime works against your “inheritance tax exemption” so there’s really no way to hide money from the IRS when you die. Unless you get illegal off-shore accounts and properties, or literally launder your money and commit tax fraud.
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Here’s more info on the estate tax, I went to accounting and finance school for a while – still waiting on those ‘loopholes” you were talking about. The gov levies an Apple Nurse Stethoscope Missouri Flag Covid-19 Shirt. That you leave to people in your grandchildren’s generation so you cant skip on paying inheritance tax when their parents die. On the federal level, a 40% federal estate tax is levied on the portion of an estate exceeding $11.4 million in 2019 ($22.8 million for married taxpayers). So unless your relative is a multimillionaire, he or she won’t have to worry about paying federal estate tax.
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