> Making them pay 20% CG on $99 and 40% would be far too high.
I don't agree with this and I doubt many other people do either. I'm fine with them paying 20% on $99 and then 40% of 80.20/share they inherit. Due to multiplying percentages, that's only a 51.88% rate.
Of course, you're ignoring a lot when you say "other exemptions". Like the first 5.35 million to each descendant being a "gift" before the estate tax is applied.
I don't agree with this and I doubt many other people do either. I'm fine with them paying 20% on $99 and then 40% of 80.20/share they inherit. Due to multiplying percentages, that's only a 51.88% rate.
Of course, you're ignoring a lot when you say "other exemptions". Like the first 5.35 million to each descendant being a "gift" before the estate tax is applied.