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

2 comments · 1 top-level

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