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Joined: 09/01/1996 Posts: 5351
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Why the Ds are focuses on the inheritance tax, in words of John Dillinger..

"because that is where the money is."

"Known as the Great Wealth Transfer, Millennials could inherit as much as $68 trillion from their Baby Boomer parents, currently aged 57 to 75.

There is a layer of uncertainty surrounding this number, given that a large share of Boomers’ wealth is tied to investments or homes. Future stock market performance, as well as tax and estate laws are likely to influence the amount of wealth Millennials actually inherit." Generational Power Index

The next Gen after Gen Z? The Alpha Gen.

Lots of interesting and valuable information in the linked document. Good insights for everyone.

[Post edited by SamSpade at 05/11/2021 08:59AM]

Link: Generational Power Index

Posted: 05/11/2021 at 08:08AM


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Current Thread:
  The estate tax only taxes the top 1% currently -- bufffantheman 05/11/2021 11:38AM
  Inheritance tax...a boogy man under the bed... ** -- Gateway 05/11/2021 2:36PM
  Fair taxation is akin to Nazism? Come on... -- Ralphie Bruber 05/11/2021 12:14PM
  Bruber. :-) ** -- Buffs4Ever 05/11/2021 9:42PM
  You are correct -- bufffantheman 05/11/2021 11:59AM
  Respectfully disagree, even if it we look down on rich kids -- WinningLeadership 05/12/2021 01:35AM
  It's the "you didn't build that" mentality -- Visionary Buff 05/11/2021 11:39AM
  Wow clueless ** -- ralphie2425 05/11/2021 8:21PM
  You missed the point of "you didn't build that" -- bufffantheman 05/11/2021 12:02PM
  Don’t be so angry at the successful -- Wishbone 05/11/2021 10:45PM
  It gies far beyond that -- cswilliam 05/11/2021 08:59AM
  Of course the Tax Foundation excludes FICA -- cswilliam 05/11/2021 1:34PM
  Too many facts for NBOT liberals -- Wishbone 05/11/2021 11:16AM
  Cswilliam's results sound too good to be true -- Visionary Buff 05/11/2021 10:56AM
  In fairness to William -- Stampy 05/11/2021 11:09AM
  Agree there are charitable remainder trusts -- Visionary Buff 05/11/2021 11:22AM
  Well - when you stack discounts back to back -- cswilliam 05/11/2021 8:08PM
  Backing off a bit? -- Visionary Buff 05/12/2021 08:59AM
  Please explain your implausible claimed achievement -- Visionary Buff 05/11/2021 09:31AM
  I enjoyed reading this, cswilliam. Tremendous insight. -- WinningLeadership 05/11/2021 09:04AM