Quote:
Originally Posted by Topspinmo
I don’t understand this inherent tax? Taxes have been paid on property. Like they create new tax to steal from family bank account. As tax paying citizens we shouldn’t put up with that. Time to root out all these crooks that steal from citizens IMO.
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If your net worth is over $28 million for a married couple ($14 million for a single person), worry about federal estate taxes. If not, don’t worry about it because you don’t pay it. You just need to figure out whether your net worth is over $28 million.
The states are a different story. Solution: Move to Florida where there is no inheritance tax.