Look out for changes to laws/taxes relating to inheritance.
Posted Jul 10, 2021, 4:54 AM UTC
Posted Jul 10, 2021, 4:54 AM UTC
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40% capital gains tax on anything you've earned.
Does that apply to inheritance? I didn't think it did.
I am pretty sure within the next few years 40% will be the standard of deduction of everything. Go towards whatever made up shit. Just so we don't get too far ahead.
"Here's your 20 bucks an hour.... we gonna take half"
Submission statement:
I don't see anyone talking about how a huge transfer of wealth can occur due to many people dying. Instead of that wealth passing to next of kin, a large part could be snatched up by the Gov if they impose more taxes on inheritance.
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