Originally Posted by dkgojackets
so now old rich people will just give assets to their family before the die
cool system bros
i know you are extremely rustled that some people have more money than you, but the civilized solution is not "well lets just take it from them!"
taxes are due on gifts as well, and the exclusion is well lower than that for an estate tax.
Also, if rich people could easily avoid the estate tax, why did the GOP spend so much time trying to end it?
Again, "taking" money from people who did nothing to earn it seems like the most obvious tax ever. A+ to Republican rhetoric that people think this is somehow unfair compared to other taxes.