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Posted on 4/19/24 at 8:59 pm to VetteGuy
quote:Yes. Five million is still a great deal of money. Moreover, the argument remains the same.quote:You do know that number is set to dramatically decrease?
There is no estate tax on estates at or under $13,610,000.
If we had only two options to generate tax revenue, income tax or estate tax, would we not want to decrease income tax by generating estate tax revenue?
Isn't it better to generate revenue from someone who has not worked for the money received (beneficiary or heir) than to generate revenue from someone working for the money received (self-employed or employee)? Don't we want to incentivize people being productive?
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