ST Alpha - "actually, a lot of the wealth transferred by inheritance may not have been taxed at all" (Reading a Post)

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In response to "Jack Dawson (or other attorneys or tax accountants): A couple more ?s How can the loopholes in corporate taxes be legal?" by Trish

actually, a lot of the wealth transferred by inheritance may not have been taxed at all

Posted by moles (aka chris) Sep 29 '11, 12:32

if it's unrealized capital gains, e.g., securities that were only held by the decedent during their life and never cashed in

plus, your estate has to be over the applicable exemption to even get taxed in the first place. most people don't leave an estate large enough to exceed the exemption

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[deleted]
Yeah, I knew the estate had to be huge. Isn't the cut-off like 5mil? - Trish Sep 29, 12:41 1
- currently, $5,000,000 -- nm - simple pixie Sep 29, 12:42

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actually, a lot of the wealth transferred by inheritance may not have been taxed at all

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