no

charity

or a company if you really wanted to

Most charities are a scam

You really think tax accountants arent going to find a way around this?

im sure some of them will

I will steal Green’s money!

I swear you won’t survive

your 40-50 year old parents were surviving just fine before they received free money from inheritance

I can assure you people will work less and slow down economic growth if they know theyre going to give away a significant portion of their income to the government to buy votes in inner city slums with housing projects

GG @Thief, you just advanced to level 2!

https://tenor.com/view/bernie-bernie-sanders-disapp-when-you-heard-something-unpleasant-gif-4972467

i can assure you, the people you're talking about wont work less

youre not talking about normal 60 year olds

who will barely have any inheritance to give away anyway

youre talking about the ultra wealthy

and these people are addicted to power and capital accumulation

If the inheritance is of a certain very high limit sure it could be taxed

The ones who pay 80% of US taxes right?

But for 95% of people it shouldn’t be

and guess what

theyll spend more in the real economy

because they cant pass it on as easily

but also, im not talking about 80% inheritance tax dude

this isnt expropriation we're discussing

we're talking about a reasonably sized tax

Wealth would be accessed other ways

so yes, they still pass on their wealth, but we get a piece of the pie

No, im talking about the ultra wealthy

so am i

Who pay 80% of the taxes

If a person dies without any heirs then they wealth could be seized by the gov

dude im talking about tax RATE

Youre basically creating capital flight

If a person goes to prison their wealth could be confiscated

we're not going to institute an 80% tax rate for inheritance

its going to be something small

In the case of the ultra wealthy this’d give a lot of money

Tell me how this income isnt double taxed? If it comes from a payroll its been taxed already

binkToday at 2:11 PM
If a person goes to prison their wealth could be confiscated

this is an interesting idea

Its been filed under a Scheduled tax return