Quote:
Originally Posted by Sidd Finch
If it's really a "death tax", seems pretty logical to base it on the income of the decedent during the last year of life.
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Sure. And then, assuming that upon death the decedent ceases to earn income (dunno if correct, Code-wise), if that person dies early enough in January, em might well have less than $20k in income and a taxable estate. And, for the basis of projections, and projecting ($47 less the benefit of reduced corporate tax) in benefits to however many million taxpayers, all you need is to assume one person per year has a taxable estate and less than $20k in income in em's last tax year.
Any projections made by either side are so full of BS that it's almost impossible to unpack. And projections related to inheritance tax are about the worst.
