Skip to main content
No. of Recommendations: 3
Ira:"Obviously, you don't know your history. The top estate tax rate was 70%-77% between 1935 and 1981 and 50% or more between 1934 and 2002."

And obviously, you're not aware, and don't know your history. According to The Millionaire Next Door by Stanley, almost zero millionaires pay a dime in estate taxes - over the last 50 years.
Only those that stumble into the estate tax limits at the bottom end wind up paying some estate taxes.

Those with five million or more employ tax planners who neatly sidestep the taxman at death and have been doing it for a hundred years.

Even folks like the Kennedy clan have nearly all their real estate in a family trust. They 'rent' their houses, and when they die, the house is not an asset - even though it might be worth 10 million..... it's in the family trust.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.