Sporkbomber@lemm.eetoInsanePeopleFacebook@lemmy.world•I'm sorry for grandma of course but I like the 21 dollars in silver coins, sovcit.English
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11 hours agoThis is why estate taxes only kick in at a pretty large amount. For instance the threshold for the US federal estate tax to kick in is 13,990,000 dollars and up, for 2025. For the state I live in there is no estate tax.
If you’re up in that range and above then you can also be pretty sure that no, they did not pay the same taxes working class people do, they probably paid less.
It’s just used as a talking point for Republicans because people like yourself don’t realize that by the time it kicks in the recipient is already set for life and people that rich probably weren’t paying their fair share into the system anyways.
And during that time there was feudal relief, which was a one time payment for someone to inherit estate-in-lands or fiefs.
Kind of like if your inheritance was rich and powerful enough you needed to pay a tax to have the inheritance passed on. Otherwise the state didn’t give a fuck. Sound familiar?