Exclusive: Assets of thousands of people in north-west England used to upgrade king’s property empire via archaic custom
  • xmunkEnglish
    511·
    10 months ago

    US estate taxes help maintain the primary residence of Joe and Jill - they help fund staffing for the Whitehouse.

    I agree that these situations are quite different but that article title was outrageously sensationalist and vague.

    • livus@kbin.social
      7·
      10 months ago

      Sure. That’s normal. But they’re not renting out the Whitehouse and putting the proceeds into their personal bank accounts as private income.

      • Madison_rogue@kbin.social
        2·
        10 months ago

        The estate tax doesn’t kick in until after the estate is worth more than $12.5 million dollars. Every penny before that isn’t taxed.

        • sadreality@kbin.social
          1·
          10 months ago

          and yet we have a bunch temporarily impoverished millionaires worried about some nepo baby being taxed…