Can you give real numbers? How much are you currently expecting your kids to receive post-tax after your death under existing regulations? How much would it be under the proposals?
I am not American so I don't know the proposals. In my country, assuming current market situation, he would get close to a million and a half, close to a 200-300k will probably be for taxes. (not sure of the exact numbers as I am not up to date with all the little taxes you pay).
For you to have an idea, Currently, for every euro I get, I pay in taxes+social security+etc(all the little taxes around everything) around 60% of the money to the government.
We're talking about lowering the $23MM estate lower bound to a smaller number. That was the reason I asked for numbers. Nobody works hourly and has $23MM.
'I've never understood why people think that just because, e.g., their parents created a business worth millions of dollars, they should get that for free.'
