Friday, November 24, 2017

Death Taxes

Shame that the article doesn’t actually propose any real answers.

I'm not anti-death tax, especially because it doesn’t apply (in the USA at least until $5.5m+......that said....i am anti-death tax because its a tax on income already taxed AND because its 40% which is an outrageous figure.

If someone was trying to save a family farm or business or estate etc and it was worth $20m then they would have to come up with 40% of $15m......that a pretty big burden to carry-even for an inherited asset.

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