That would actually be a tax decrease. Isn’t the present tax 55%?
Yes it is 55% once you pass a small base amount for a married couple. Easy if you own a nice home with possessions and have retirement savings. That's why we give the maximum amount allowable under law each year to our adult children and grandchildren. We would rather give it to them while alive, than have the government steal over half after we die. We've been doing this ever since we set up living trusts and our lawyer gave us the bad news about the government's 55% wealth redistribution policy.
I thought it was already 55%. That’s why family farms were IIRC “exempted” because people would have to sell them off, just to pay inheritance taxes. Wasn’t the family of the Dolphins owner forced to sell the team, just to pay the taxes? I’m sure it was his wish to leave the team to his heirs. Not the government.