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Reply to "Vox article on inheritance"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My parents were career feds. Never bought a multimillion home in close in Arlington. Always drove older domestic sedans. Saved up so they could send their kids to good colleges, spent prudently. So yes now they have built a $2.5-ish million portfolio and invested in their kids, all of whom have solid jobs because we went to great colleges. And for this[b] they should have to pay a huge tax[/b] because???? Sure, figure out a way to have some equity in a $1 billion+ estate for sure. But for a typical upper middle class estate, no one in either party is going to touch that.[/quote] How about just normal taxes? How about you don't get a step up in basis on capital gains? That's reasonable, right?[/quote] THEY won’t be paying a huge tax 🙄. YOU will (read: should) have to pay tax. And why shouldn’t YOU have to pay taxes on YOUR windfall?[/quote]
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