“Just because your parents were irresponsible, lazy, stupid, drunks or drug addicts does not give you right to take my parents money who were none of those things.”
Bingo, and my wife and I don’t feel guilty of minimizing what California and the IRS get from our estates.
From the article:
“If inheritances above $1 million were included and the minimum tax rate was 40 percent, the yield would be nearly $1 trillion.”
Not going to happen. This would blow up California. California liberals would never go for this. Neither would New York liberals, etc..