9 ms·

That's interesting: why the middle class? What about classes below the middle?

• compsciphd 10y ago
  because the poor aren't giving their descendants monetary inheritances. The middle class can give their descendants some form of monetary inheritances, but wont be able to afford to use the complicated schemes that the rich do. Hence, the middle class gets screwed.
  • mikeyouse 10y ago
    The middle class can already bequeath to their children tax free. Only the extremely wealthy face restriction and it's very easy to avoid (via capital gains step ups, lifetime gifts etc). With a little planning, you can give $5.5 million tax free.
    • faet 10y ago
      5.5m per parent.
      • compsciphd 10y ago
        depends on the state https://taxfoundation.org/does-your-state-have-estate-or-inheritance-tax/ https://taxfoundation.org/does-your-state-have-estate-or-inh...