The estate tax is used by the wealthy to hoard wealth, keeping it in the same circles for people who did not work for it to benefit it. It does not affect the poor or middle class much if at all.
@9JHHRYC3mos3MO
Wrong. all my family is lower middle class and we lost our small family farm because the inheritance rate was so high we could not pay it. did you know unfarmable land still sells at the same price as farmable? so the creeks and waterways counted toward the land acerage, making the inheritance tax on a small farm 280k. we could not rent out the land for enough to cover a loan. that farm meant the world to me.
