Right now it only kicks in after 15 million. A decade ago it was still 5 million. But it doubles to 30 million for a couple.
For the really wealthy people, they need to pay to obfuscate the rest of the money thru trusts and offshore banking, which they’d rather not to pay to do.
Which is why they’re still pushing to raise the cap every year.
They donate it all to charities…. Charities they set up with their relatives on the boards of trustees, who then get paid salaries from the charity’s endowment.
There actually is an estate tax after death:
https://www.irs.gov/businesses/small-businesses-self-employed/estate-tax
Right now it only kicks in after 15 million. A decade ago it was still 5 million. But it doubles to 30 million for a couple.
For the really wealthy people, they need to pay to obfuscate the rest of the money thru trusts and offshore banking, which they’d rather not to pay to do.
Which is why they’re still pushing to raise the cap every year.
They donate it all to charities…. Charities they set up with their relatives on the boards of trustees, who then get paid salaries from the charity’s endowment.
No they don’t. You cannot buy yourself what they have with charity money. That’s just the influence part.