The most prestigious law school admissions discussion board in the world.
|
 |
 
|
What should be the estate tax rate?
Poast new message in this thread
Date: November 15th, 2025 11:55 AM Author: bespoke lemon brethren national security agency Assume $4 million exemption in place (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49432994) |
Date: November 15th, 2025 11:57 AM Author: Claret hospital 0 for estates up to 100mm (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49432997) |
|
Date: November 15th, 2025 11:59 AM Author: shimmering generalized bond All taxes shld be zero except maybe 5% for income and 5% sales
That's it |
 |
Date: November 15th, 2025 12:26 PM Author: Insanely creepy new version mad cow disease lol (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49433039) |
|
Date: November 15th, 2025 12:00 PM Author: razzmatazz parlor 50% plus a 200% tax on any fees paid to advisors to reduce or avoid it (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49433007) |
|
Date: November 15th, 2025 12:18 PM Author: house-broken hairless point son of senegal 100%. When both John Rawls and Ayn Rand agree about something, they are probably right. (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49433032) |
|
Date: November 15th, 2025 12:30 PM Author: Claret hospital Rand was born Alisa Zinovyevna Rosenbaum on February 2, 1905, into a Jewish bourgeois family living in Saint Petersburg, which was then the capital of the Russian Empire.[7] She was the eldest of three daughters of Zinovy Zakharovich Rosenbaum, a pharmacist, and Anna Borisovna (née Kaplan).[8] She was 12 when the October Revolution and the rule of the Bolsheviks under Vladimir Lenin disrupted her family's lives. Her father's pharmacy was nationalized,[9] and the family fled to Yevpatoria in Crimea, which was initially under the control of the White Army during the Russian Civil War.[10] After graduating from high school there in June 1921,[11] she returned with her family to Petrograd, as Saint Petersburg was then named,[e] where they faced desperate conditions, occasionally nearly starving.[13]
|
|
Date: November 15th, 2025 4:25 PM Author: Fragrant windowlicker turdskin (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49433644) |
|
Date: November 15th, 2025 12:30 PM Author: Insanely creepy new version mad cow disease the hardest park of an estate tax is exemptions for shit like farms that are worth a lot but don't generate a ton of money. also bona fide family heirlooms.
putting that stuff aside, per child: $0-$5m tax free, $5m - $20m income tax rate rate, $20m+ 100%. |
|
Date: November 15th, 2025 12:40 PM Author: Claret hospital oh wow someone took a public policy class 30 years ago. farms that dont generate money. (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49433067) |
|
Date: November 15th, 2025 4:57 PM Author: Electric shaky library You're a fucking moron (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49433737) |
|
Date: November 15th, 2025 5:00 PM Author: Insanely creepy new version mad cow disease great counterargument doordasher tp (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49433753) |
|
Date: November 15th, 2025 6:26 PM Author: Electric shaky library Well the thread is about estate tax and you go off and describe an inheritance tax.
Very low IQ behavior IMO. |
|
Date: November 15th, 2025 6:53 PM Author: Insanely creepy new version mad cow disease ljl you hair splitting queer you have nothing intelligent to contribute. just drive by midwit insults (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49434125) |
|
Date: November 15th, 2025 6:55 PM Author: Electric shaky library no u (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49434129) |
|
Date: November 15th, 2025 6:58 PM Author: deep slippery international law enforcement agency i'm done subsidizing "family farms". fuck those fucking faggots (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49434137) |
|
Date: November 15th, 2025 7:28 PM Author: Insanely creepy new version mad cow disease it's not a subsidy. im proposing a major tax increase with carve outs so gc doesnt turn bona fide family farms into sheetrock condos when the patriarch dies. (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49434218) |
|
Date: November 16th, 2025 11:33 AM Author: Bistre hominid kitty cat I’ve got some bad news for you about America’s family farms. But yes, let’s write a tax policy that coincidentally aligns with the interests of our most loathsome capitalists based on the hypothetical needs of a family that owns a small $10M farm with no cashflow, so they can keep running it for generations of ever more feckless heirs. That’s how we structure a vibrant economy and solve problems like housing affordability. (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49435417) |
|
Date: November 17th, 2025 9:13 AM Author: Insanely creepy new version mad cow disease you're fixated on farms but that was just one example. the point is that there needs to be some carveout for bona fide private business to prevent them from being nationalized and sold to gc every generation. (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49437556) |
|
Date: November 17th, 2025 8:19 PM Author: Burgundy sick doctorate $20m+ at 100% would never work in practice when charity grifts and the like exist. just create a charity and put your kids in charge. they receive massive salaries paid for by your donations. (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49439439) |
|
Date: November 17th, 2025 8:27 PM Author: Insanely creepy new version mad cow disease any effective estate tax would require eliminating all sorts of tax avoidance mechanisms like this. but it's no different with income tax. there are plenty of ways you can avoid a taxable event with bullshit like this. (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49439456) |
|
Date: November 15th, 2025 6:37 PM Author: titillating principal's office It's almost Lol funny that people still cite the farmland example, which they've done for 50 years.
In 50 years no one has thought, "Oh what if we put in the bill that you could pass 1,000 acres to farmland tax free to any descendent who worked that farmland more than 500 hours in their lifetime."
Instead everyone just throws their hands up and says "It's impossible - guess we should just let people inherit vast sums of wealth untaxed." |
|
Date: November 15th, 2025 6:59 PM Author: deep slippery international law enforcement agency there's so much retarded shit we subsidize based on the public romanticizing small yeoman farmers. fuck them, it's a bad way to run society. (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49434138) |
|
Date: November 15th, 2025 6:39 PM Author: titillating principal's office It should be the same as income taxes, if not higher.
Seems antithetical to America that we tax a schoolteacher making $50,000 a year but not a kid who gets a $3 mm inheritance. |
|
Date: November 15th, 2025 7:01 PM Author: motley offensive indian lodge wrinkle 100%. let rsf earn his money. the future generation's right to meritocracy exceeds the current generation's entitlement to pass on wealth (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49434143) |
|
Date: November 15th, 2025 7:44 PM Author: Insanely creepy new version mad cow disease (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49434272) |
|
Date: November 15th, 2025 8:51 PM Author: mewling sound barrier 0%. There is no rationale for an estate tax of any kind. The only people who want it are either (1) bitter and jealous of someone benefitting from their family success, or (2) retarded policy “wonks” who want to redistribute wealth to adhere to their personal views of “fairness” and “earning” something. (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49434453) |
|
Date: November 16th, 2025 1:04 AM Author: bespoke lemon brethren national security agency You're Jewish right? Keeping the estate tax low is essential to maintaining Jewish power. (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49434914) |
|
Date: November 16th, 2025 8:45 AM Author: mewling sound barrier As they say, “the best way to fight Jewish economic hegemony is to systematically expropriate everyone’s wealth and funnel it into Israel and minority gibs.”
|
|
Date: November 16th, 2025 11:22 AM Author: motley offensive indian lodge wrinkle (guy who didn't "get" Monopoly) (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49435399) |
|
Date: November 16th, 2025 12:18 PM Author: Filthy sweet tailpipe What's the argument for allowing inheritance? (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49435505) |
|
Date: November 16th, 2025 2:02 PM Author: mewling sound barrier There’s zero positive externalities to inheritance taxes; they aren’t effective at inhibiting dynasties and they don’t generate enough money to finance government. Inheritance taxes are anti individual meritocracy. By inhibiting the transfer of wealth between generations via property and money, you incentivize tribalistic croneyism and collusion. See for example the revolutions in China and Cuba, where 100% of wealth was expropriated from the elites but the elites’ descendants were back to being the elites again within one or two generations. (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49435805) |
|
Date: November 16th, 2025 4:36 PM Author: Bistre hominid kitty cat I love the useful idiot argument “why bother taxing the rich? it won’t raise very much money.” Strangely the same argument is never applied for my benefit as a working loser, although I’m pretty sure the taxes I pay are also insufficient to fund the entire government. (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49436098) |
|
Date: November 16th, 2025 10:09 PM Author: mewling sound barrier ESL? Taxing working shmucks has positive externalities; by taking away your income you now have to generate more economic value to stay afloat. (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49436941) |
|
Date: November 17th, 2025 8:14 AM Author: Bistre hominid kitty cat I didn’t realize that you thought taxing activities would encourage them. Why don’t we also put a high tax on successful investments and business formation to get the same effect? (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49437439) |
|
Date: November 17th, 2025 9:45 AM Author: mewling sound barrier Why don’t you just become a successful investor or start businesses rather than continuing to work and pay your high income taxes? (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49437610) |
|
Date: November 17th, 2025 8:08 PM Author: Bistre hominid kitty cat It’s probably because taxes on capital gains aren’t high enough, so I can make enough after-tax income on my lame portfolio. If you boost capital gains taxes to 50% that might unlock my creativity and risk appetite. It’s called an externality, btw. (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49439423) |
|
Date: November 16th, 2025 2:26 PM Author: infuriating forum TITCR (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49435840) |
|
Date: November 15th, 2025 8:53 PM Author: zombie-like spectacular electric furnace background story 0 because now people just do trusts to avoid it anyway, which causes a lot of societal problems.
It would be better to just pass down cash directly and not have trusts. And if the heirs are retarded and blow all the cash, that's actually a good thing. |
|
Date: November 16th, 2025 1:05 AM Author: bespoke lemon brethren national security agency How do trusts cause problems? (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49434915) |
|
Date: November 16th, 2025 4:44 PM Author: Overrated garnet french chef they provide a means to multiple ends many of the multiple ends are things that could be done in different ways many are things that don't benefit society tax avoidance, secrecy, deadhand control, probate avoidance |
|
Date: November 15th, 2025 9:50 PM Author: house-broken hairless point son of senegal Regardless of how you feel about the estate tax, can we all agree that the step up in cost basis is completely moronic and serves no rational purpose other than to make the RSF's of the world even richer? If you don't want to sell your family farm or business, fine, there is no tax liability. But we shouldn't allow billionaires to borrow against their assets until they die and then let their kids avoid all the capital gains taxes. (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49434605) |
|
Date: November 16th, 2025 8:51 AM Author: Provocative Office Filthpig Yes other countries don't have this magical cost basis change upon death, it doesn't really make sense in this day and age when cost basis is quite trackable (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49435159) |
|
Date: November 16th, 2025 9:14 AM Author: lilac talking coffee pot heaven This is an obvious change that should be made and it would be very simple to track and implement. Stepped up basis is a huge scam (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49435179) |
|
Date: November 16th, 2025 4:49 PM Author: Overrated garnet french chef i'd like to hear arguments for the other side, but i agree (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49436149) |
|
Date: November 16th, 2025 5:19 AM Author: Ruddy ratface 110% (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49435007) |
|
Date: November 16th, 2025 6:04 AM Author: adulterous violent station boiling water it should be mobile and change depending on number of children the inheritance is split in practice and on average theoretically so nobody can be royalty (http://www.autoadmit.com/thread.php?thread_id=5798433&forum_id=2id.#49435029) |
|
Date: November 20th, 2025 3:26 PM Author: Does it taste like tequila or failure? eliminate estate tax and step up in basis and have deemed disposition on death, allow for automatically granted 10 year payment plan at 5% interest for the tax liability if opted into (deals with the forced liquidity issue), first payment due 12 months from date of death. gifts above annual exclusion are also a deemed disposition but no payment plan option. maybe grant a small exemption, like $1MM, or grant an exemption only to select assets, like primary residence and closely held family businesses.
if not willing to be that radical, at minimum eliminate GRATs, eliminate grantor trusts if considered outside the taxable estate (which will eliminate the sale to IDGT strategy which is especially ridiculous when coupled with a SCIN) and eliminate or severely curtail valuation discounts. those three changes alone will shut the door on 80%-90% of the tax planning techniques available. |
|
Date: November 20th, 2025 3:29 PM Author: peeface 0%. but investments should be assumed to be liquidated at death and capital gains tax charged against them.
|