[Alberta's Child]

Even Democrats are starting to realize that chasing wealthy people away is a terrible idea. These bloated state governments have gotten to the point where sound estate tax planning now includes clear directives on getting the hell out of any state with an estate or inheritance tax. It doesn't take a genius to realize that $0 in a taxable estate is going to yield $0 in revenue no matter how high the tax rate is.

Here's some even better news, too. High income tax rates are starting to get some scrutiny even in a Marxist sh!t-hole like New Jersey. Last year one of the wealthiest people in the state moved to Florida. If the estimates of his income were accurate, then the state may have lost somewhere between $50 million and $100 million in tax revenue from a single taxpayer. Poof! -- gone, just like that.

[The Great RJ]

Receiving an inheritance from my aunt who lived in Iowa. Because she and her husband had no children her estate is being devided among four nieces and nephews. While Iowa has ended their death tax on direct descendent, as nieces and nephews we will be paying an estate tax of about $7k a piece on our share of this relatively modest estate.

[minnesota_bound]

My uncle in California setup a trust that skips his kids because of taxes. The grandkids get the money. His kids are well off and receive money from the trust plus they split money on the sale of the house. $300k apiece...