this post was submitted on 15 Mar 2024
96 points (92.9% liked)

World News

39041 readers
2345 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] prole@sh.itjust.works 34 points 8 months ago* (last edited 8 months ago) (3 children)

For regular people, an inheritance tax is not great. For the ultra-wealthy it should be mandatory.

Hey good thing (in the US at least), you don't pay a dime of inheritance tax on the first $13.61 million being inherited.

So no "regular people" are paying any inheritance tax whatsoever. Americans have been fooled, again, into rallying against something that has zero direct effect on them.

[–] khannie@lemmy.world 11 points 8 months ago

I learned recently enough that this is because the Reagan administration came up with the (in fairness, an absolutely genius move given their political viewpoint) the great idea of calling it a "death tax".

[–] player2@lemmy.dbzer0.com 4 points 8 months ago (1 children)

Thank you for that information. The article is about a German / Austrian woman so I was summarizing the pros and cons of an inheritance tax which might apply to any country since I don't know the specifics of their law or why they changed it it.

[–] prole@sh.itjust.works 1 points 8 months ago

Fair enough. Apologies for using that to make a point about the US tax system. Typical American move, amirite?

[–] curiousaur@reddthat.com 1 points 8 months ago (1 children)

I wonder who was worth about 13.5 million when this was passed.

[–] prole@sh.itjust.works 1 points 8 months ago

I believe it was slightly lower, but Trump raised it (with his tax cut act maybe?)