Winston
Platinum Member
That is ridiculous...it affects thousands of people every year and growing with all of the Boomers retiring...besides it's double taxation of the same dollar....it's not righteous but neither are the (I want what you have progs)...Not many, if any, on this board will ever pay this tax.
No it is not "double taxation". The vast majority of inherited wealth is unrealized capital gains. Take the Microsoft shares Bill Gates donated to his foundation. 64 million shares worth 4.6 billion dollars. Had he died and left them to his children, tell me, when did he pay taxes on that 4.6 billion dollars?