Parents' disgust with Biden's 'death tax' plan

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Parents' disgust with Biden's 'death tax' plan
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  • 📰 Daily Mail Online
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Middle income families' disgust with Biden's 'twisted' 'death tax' that would force many to part with their inheritance to pay the bill

Biden's 'death tax' would impose capital gains of $1million or more after someone dies. There are more than 3million homes nationally worth at least $1 million and the number continues to rise. The person who inherits it would have to pay 40% of the increase of the asset's value from when it was purchased to when they received it. It does not just apply to property - it applies to stocks and other assets, including businesses.

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