Quote:
Originally Posted by Cletus Miller
Not if it is a small part of a large estate. $10,000 out of a taxable estate would be "subject to" estate tax and go to someone with taxable income under $20k--the numbers underlying that chart were developed by people who want to show how everyone is benefited, so I expect they would do the accounting that way.
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If so, that's some serious monkeying with numbers.
Estate taxes are imposed on the estate, not on the beneficiaries. And just how often is an estate, large enough to be taxable, distributed to individuals with less than $20k annual income?
