Inheritance Tax

The United States is unique because it taxes the transfer of ownership of a deceased beneficiaries. This tax is known as inheritance tax.

Often regarded as the "death tax, inheritance tax is very controversial and very sanctions. The tax on the ground that it is difficult for money or property, in the case of a person who receives une Estate. Succession was the recipient the fact that the child is not an inheritance from the deceased.

Rights of succession and inheritance of the system led to a double penalty on the transfer of assets to family members. For the payment of taxes, most of the assets will be sold. This has led to stable, profitable and settlement are very frustrated families. Often, double taxation would result in losses of as much as 90 to 95 per cent of the wealth of the deceased. In short, it was a nightmare.

Fortunately, the federal government does not gather more assets and has not done so since 1916. He was replaced by the same progressive tax system were diffamé. Although it may seem like a positive step, it is really one of those two taxes in a creature.