So, since you have an exemption, the estate will never be taxed ‘effectively” really at 40% because you always have that exemption at the beginning. Like a 15 million estate is taxed 40% on 4 million. But the Apple Nurse Stethoscope Nevada Flag Covid-19 Shirt is much lower. Since only the last 4 million of it was taxed. I hope I’m making sense. This means that the taxable estates were on average less than 20 million. It still means the amount that qualifies was taxes at 40%. But on average people didn’t have enough to make an effective rate higher than that. The richer you are basically the higher the effective rate would become, not the inverse.
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Back to Bezos, since his estate is worth billions, making the 11 million exemption negligible, he will be someone for whom the effective rate is pretty near exactly 40%. And that’s just for federal, some states levy their own form of the Apple Nurse Stethoscope Nevada Flag Covid-19 Shirt on top of the 40%. I wouldn’t say a million is nothing, I mean yeah its Penny’s to them but if they tossed me one of their pennies I won’t be complaining, especially with the virus going around and not being able to work. Don’t get me wrong, I’m not discrediting donations of any amount. Just offering perspective.
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Not really. A majority of celebrity/rich donations are tiny amounts of their wealth. I definitely understand why people complain when a celebrity donates 0.05% of their wealth. And the Apple Nurse Stethoscope Nevada Flag Covid-19 Shirt treats it like they’re doing so much. Complaining about Jack Dorsey’s donation (28% of his wealth) is a little absurd though. Yeah, it’s useless to sit around and complain either way, but the message is there. Eat the rich. I get the “eat the rich” mentality, but even if it’s a small percentage of their wealth, that million or whatever will go farther than your pocket change it compares to.
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