I think we should have a progressive inheritance tax similar to federal income tax (except maybe the 0% range could be a little larger), and by the time you’re in the $400k+ bracket, that rate is 95%+ (or even more potentially). But as with all taxes that primarily target the wealthy, the trick is to proactively close as many loopholes as possible (i.e. parent sets up non-profit and makes kid president), otherwise the tax will barely accomplish anything.
I think we should have a progressive inheritance tax similar to federal income tax (except maybe the 0% range could be a little larger), and by the time you’re in the $400k+ bracket, that rate is 95%+ (or even more potentially). But as with all taxes that primarily target the wealthy, the trick is to proactively close as many loopholes as possible (i.e. parent sets up non-profit and makes kid president), otherwise the tax will barely accomplish anything.