Quote:
Originally Posted by DownInFlames
The current U.S. estate tax has an exemption of $11.4 million. I think most people could live out their golden years on that.
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I was just about to jump in and post this. I have no pity for someone who can't make ends meet on a 11.4M + the after tax amount.
Nothing wrong with an estate tax. The Americans calling it a "death tax" were just playing word games to convince people to come out against the tax, when it would never apply to them in a million years.