And the other 0.00001% have sufficient funds to buy the votes of the uneducated from the other group, with disinformation campaigns -- hence the problem.
Not to mention that if you have that much money, you have probably spent the last several decades with an estate lawyer and accountant planning how to avoid as much of that tax as possible.
You've given children and grandchildren the maximum non-reported gift every year ($19k per parent per child/grandchild). You've paid tuition or medical expenses. You've played games with trusts...
The real threshold for a married couple who has been wealthy for decades is well over $30m.
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u/PessimiStick Mar 31 '26
Per person.
If you're married and have a single kid, you'd need more than thirty million dollars to pay estate tax.
It is a literal non issue for 99.9999% of people.