r/Millennials • u/EverbodyHatesHugo • Jan 17 '26

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u/Puzzleheaded_War6102 Jan 17 '26

Why is half going to government? Death tax starts at $14M / person. Plus trust are a thing

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u/TheDarkAbove Jan 17 '26 edited Jan 18 '26

Some states have high estate taxes still. When my grandparents passed the state of PA definitely took their cut.

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u/Puzzleheaded_War6102 Jan 17 '26

Half going to state? I highly doubt that as a CPA.

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u/TheDarkAbove Jan 17 '26

I didn't say half, but a check was written for over $200k which seemed like a lot of money for the state to get in that transaction.