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Estate taxes don't exist for 99.7% of people. A married couple can exempt the first $24M of their estate from any Federal taxes.

https://www.kiplinger.com/taxes/601639/estate-tax-exemption-...

Mind you, this also avoids a ton of tax that would otherwise be due had they not died via the step-up in basis... it's a massive giveaway to the rich.

https://www.investopedia.com/terms/s/stepupinbasis.asp




> Estate taxes don't exist for 99.9% of people.

Which supports the claim that they are low, and, consequently that young people (who often stand to inherit from their elderly relatives) have a stake in the investments of old people not getting wiped out.


Of course young people have a stake in their rich parents not getting wiped out - but it has nothing to do with the estate tax.




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