Subject: Re: In view of what's happening in Cali
For the inheritance part, as only $15m is excluded from taxes, 99.99%+ of that (assuming $200b is his death estate size) will get taxed so it won't be a complete exclusion. The realization of tax revenue just happens a lot later - maybe 20-25 years from now as he's like, early 60s.

Inheritance has different valuations, and you can place restrictions, etc. that reduce it. I remember once listening to a lawyer brag how he had reduced the value of a an estate from 55 million to 3 million dollars. Quite a reduction. eh?