Subject: Re: China fires across the bow
“I would propose a compromise: no inheritance tax passing things to your spouse or kids.”

Death & taxes are for sure & for certain. I estimate we’ve paid nearly 50% in taxes over a lifetime (Fed, State, sales, ad valorem…)-not insignificant. Honestly, being a millionaire just Ain’t what it used to be, esp. with the melting ice cube of inflation & weaker dollar.

Mr. B’s worth is $165B- does not compute! $5.5M estate exemption is on the Low side imo and $14M (sch. to expire 12/31/25) does not seem insane to me. It was nice to be debt-free upon graduation from grad school and not to have to come out of pocket to pay estate taxes upon the passing of one’s parents. Plenty was also left for charitable causes

Even Charlie himself said his inheritance will be recirculated back to society soon enough, even with his gifted gene pool. We’d like to give our kids a head start and not insignificant cushion from our own sweat equity, discipline & compounding, just like we were fortunate to receive a cushion. However, 80% of our assets are independent of inheritance assets, including appreciation.

Just my two pence.