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Halls of Shrewd'm / US Policy
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Author: bighairymike   😊 😞
Number: of 48486 
Subject: Re: How Deficits Work...
Date: 05/22/2023 5:48 PM
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And when the Gateses die, their kids should have to pay tax on the value of the estate. A lot of wealth gets handed-down tax-free because it's never actually liquidated to "realize" any gains. Exceptions made for smaller estates (e.g. family farms, probably you and me and everyone posting here, etc). - 1pg

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Or held by family trusts or closely held corporations which never die so no estate tax is ever due.
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