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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: sykesix 🐝🐝  😊 😞
Number: of 15055 
Subject: Re: Buffett’s view on current account deficits
Date: 04/12/2025 4:44 PM
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Never heard that. Property taxes are a form of wealth tax, including the portion of an auto registration fee that is based on the value of the car. The estate tax is a form of wealth tax.

It is a grey area. The constitution forbids "direct taxes" which many people believe would preclude wealth taxes. But the states are not bound by this requirement, hence property taxes.

Estate taxes are a transfer tax, and technically paid by the heirs of the estate.
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