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Eldercare
Reply to "Parents being flippant about inheritance - is it a trend?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How did 50 percent of your grandfathers estate go to the IRS? That doesn’t make any sense.[/quote] Honestly, you have NO clue. Do some research. NP[/quote] I have a clue but it would be really hard to have 50% of someone's estate go to the IRS unless, they never paid individual income taxes at the end of their life (I've seen it). Or they died 20+ years ago had had in excess of $10 million in their estate when estate tax rate gradually increased from 37% for gross estates valued in excess of $675K to 55% (plus 5%) for gross estate in excess of $10.0 million. If you were getting socked at over 50% back then I feel no sympathy for that person because there are all kinds of ways around the estate tax. A person worth $10 million back then should have talked with a lawyer.[/quote]
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