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Author: rnam ✧  😊 😞
Number: of 15062 
Subject: OT: The mysterious $7billion estate tax payment
Date: 10/13/2024 7:52 AM
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Last year, observers with the economic equivalent of a radio telescope detected a radiating anomaly on the February 28, 2023, daily balance sheet of the US Treasury Department: a $7 billion estate- and gift-tax payment

Absent confirmation from the Sarofims, there’s another potential source for that $7 billion payment. It’s the estate and gift tax, after all; the gift part is to keep people from avoiding the tax man by giving away their assets before they die.

Some tax attorneys I spoke with theorized that the $7 billion payment was in fact a gift tax paid as part of an estate-planning strategy designed to avoid an even larger payment down the road, a strategy they expect to be common ahead of the Trump tax expiration.

https://sherwood.news/power/who-died-and-left-the-...
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