If you read into it, it’s even crazier. Imagine you have a wealthy couple with 3 kids. Each kid can inherit $13 million from each parent. So if things are done right, there won’t be any inheritance tax unless this hypothetical couple have over $78 million (and there are other steps to increase that amount even further).
I’d sure hate to drive those poor millionaires into poverty with that inheritance tax.
If you read into it, it’s even crazier. Imagine you have a wealthy couple with 3 kids. Each kid can inherit $13 million from each parent. So if things are done right, there won’t be any inheritance tax unless this hypothetical couple have over $78 million (and there are other steps to increase that amount even further).
I’d sure hate to drive those poor millionaires into poverty with that inheritance tax.