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How One Little-Known Loophole Fuels Toxic Dynastic Wealth

On the surface, Americans appear to disagree about federal estate and gift taxes. Dig deeper, though, and you find that the crux of the disagreement is not whether to tax the intergenerational transmission of wealth, but when. We may disagree whether a…

On the surface, Americans appear to disagree about federal estate and gift taxes. Dig deeper, though, and you find that the crux of the disagreement is not whether to tax the intergenerational transmission of wealth, but when. We may disagree whether a small business owner and her husband who lived frugally and accumulated a five-million-dollar More

The post How One Little-Known Loophole Fuels Toxic Dynastic Wealth appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Bob Lord.


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