Quote:
Originally Posted by dav3
Let's just make a fucking breathing tax also.
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Call it what it really was called. An Estate tax or a Inheritance tax. It does however sound much more scary and like it will effect more people if they call it a Death tax. It also rarely applies if left to a spouse and not a trust or 3rd party. It has a crap load of loopholes and then let us not forget the credits. Boils down to if less than 2 million for singles/4 million for couples there is no federal taxes. If you also inherited it in the last 10 years and also die, no tax. Also many exclusions for already taxed items.