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re: IRS collected a gargantuan $7 billion estate tax from a single source, nobody knows who

Posted on 4/19/24 at 5:26 pm to
Posted by Salviati
Member since Apr 2006
5636 posts
Posted on 4/19/24 at 5:26 pm to
quote:

quote:

I believe in estate taxes, and I received a substantial inheritance two months ago.
So you received an 8 figure inheritance recently and are cool with the govt taxing it when whoever died giving it to you?
No, I didn't receive an 8 figure inheritance, and that's part of the point.

There is no estate tax on estates at or under $13,610,000.

The inheritance I received was from an estate less than $13 million, and the vast majority of estates are far less than $13 million.

Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 4/19/24 at 5:47 pm to
So you would have been OK with your inheritance being taxed?
Posted by GREENHEAD22
Member since Nov 2009
19663 posts
Posted on 4/19/24 at 6:22 pm to
Outside of individuals living in high crime areas. The biggest threat to the American citizen is the Fed government, taxation being part of that.

Posted by turkish
Member since Aug 2016
1821 posts
Posted on 4/19/24 at 8:36 pm to
What percentage of that inheritance you received do you think would be a fair portion to forfeit as a tax?
Posted by VetteGuy
Member since Feb 2008
28622 posts
Posted on 4/19/24 at 8:47 pm to
quote:

There is no estate tax on estates at or under $13,610,000.


You do know that number is set to dramatically decrease?

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