(November 17, 2016 at 12:37 pm)Tiberius Wrote: Is your property worth more than $5 million, because if not, I'm pretty sure inheritance taxes don't apply. $10 million if you leave it to a married couple.
Inheritance taxes in the US are pretty good IMO; in the UK I think they apply to anything above $500,000
The threshold for inheritance tax in the US is set way too high. The tax is simply a tax on unearned capital gains, and while some allowances should be made (for example with primary residences exempted), setting the threshold so high is just simply telling the rinc "that's another tax you don't have to pay".
Urbs Antiqua Fuit Studiisque Asperrima Belli
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