Kurt Ullman writes:
In article ,
Dan Espen wrote:
"HeyBub" writes:
Same with the death tax.
Funny thing about the "death tax",
the person paying the tax isn't actually dead.
Of course it is. The tax isn't paid by those who are inheriting
it is paid by the estate of the dead dude.
I stand corrected.
According to this page:
http://www.willsandprobate.com/FAQ/i...nce-estate.htm
The US has an Estate Tax and no Inheritance Tax.
According to this page:
http://www.willsandprobate.com/FAQ/estate-tax.htm
Only the extremely rich that wish to pass on huge fortunes intact
would be worried about this issue.
Personally, I know too many people that have inherited large
fortunes that have completely ruined their lives. Not that
I favor the government using taxes to impose social policy.
Still, the tax is assessed against the estate but the only
meaningful impact is on the heirs, which are, after all,
alive.
(Well, at least this isn't exactly politics.)