Why is it dumb to think of it operating the way it was set up? It is explicitly a charge on the estate of the dead, not on the living recipients.Biffer wrote: Sun Dec 31, 2023 5:20 pmThat’s the way it’s set up, but it’s dumb to think of the dead paying tax. It’s being paid by the living, and frankly should be structured that way.weegie01 wrote: Sun Dec 31, 2023 4:58 pmThe tax is paid by the estate, not the recipient(s). The beneficiaries have no tax liability, the liability is on the estate and the executor has to discharge it. Nor is it a tax on a transfer as you say above. It is a tax on dying, after it is paid the money gets distributed.Biffer wrote: Sun Dec 31, 2023 3:47 pmI know. But people always make the ‘he invested at a smart time’ argument, even though it’s bs. But again, it’s the emphasis that I think is important - the dead aren’t paying tax, the living are. And the living definitely didn’t earn it.
Regardless of that, you can’t say that it’s ever unaffordable or casting anyone into poverty.
Who has said it is unaffordable or casting anyone into poverty?