!askusa@discuss.online is that way
But isn’t this overtly political?
I thought that was supposed to be more “chill” conversations
Tax is always a political discussion, but op is a bot and doesn’t respond to anything it posts.
Can I assume that the people that it’s meant to impact will find a way to skirt their assets around it?
No it should be closer to 100% over a certain amount.
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.
