Started By
Message

re: I don't understand inheritance tax

Posted on 1/18/16 at 10:31 pm to
Posted by PygmalionEffect
Member since Jul 2012
4834 posts
Posted on 1/18/16 at 10:31 pm to
The current estate tax exemption for a married couple is $10.8 Million and it is automatically adjusted for inflation every year.

A couple can also give $28,000 every year to anybody they want to tax free; sons, daughters, grandchildren, hired help, friends, etc etc.

If you're super wealthy then you're smarter than I am or have hired someone smarter than I am and have set up a myriad of estate tax loopholes like a grantor retained annuity trust to shield the income above $11 million.

Kind of a silly thread but it was entertaining to see the uninformed Trump voters chiming in with their strong completely baseless comments though.
This post was edited on 1/18/16 at 10:33 pm
Posted by FelicianaTigerfan
Comanche County
Member since Aug 2009
26059 posts
Posted on 1/18/16 at 10:55 pm to
quote:

The current estate tax exemption for a married couple is $10.8 Million


So how much can one person leave to their children?

Say a widow has 6 million in estate and leaves it to her two children. Does the 5.4 apply to what's being left or what's being received?
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram