Had a guy trying to explain to me why the estate tax was valid. Said it was a tax on the gains a property made over the course of the life of the owner. I asked a very simple question he couldn't answer. I asked, who benefitted from these gains if the property simply passed hands from one family member to another (or several) and was never sold, such that no actual gain was realized? He couldn't answer that. How is it a gain to anyone if that property is never sold?
There’s a good reason it’s nicknamed the “death tax.” you almost can’t afford to die in certain circumstances.