undefined | Better HN

0 pointsdexterdog3y ago0 comments

In the universe where the tax was already paid on what was inherited, AKA this one.

0 comments

The tax is paid on the transfer, not the property. And, as has been repeatedly noted, for an estate of less than $12M, there is no tax at all.

The tax was paid on the money that paid for the asset by the person who paid for it and then passed it on.

j / k navigate · click thread line to collapse

0 pointsdexterdog3y ago0 comments

In the universe where the tax was already paid on what was inherited, AKA this one.

The tax is paid on the transfer, not the property. And, as has been repeatedly noted, for an estate of less than $12M, there is no tax at all.

The tax was paid on the money that paid for the asset by the person who paid for it and then passed it on.

j / k navigate · click thread line to collapse