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Any estate tax Nice Go Where Bassoon Takes You Music Instrument Lovers Shirt. Also, there are still special rules whereby you can pass property to family. The point is that with an estate tax, you can greatly diminish generational wealth/poverty, therefore wealth inequality, therefpre housing inequality. I don’t know you or your housing market, but in a lot of HCOL areas, prices are crazy high because real estate is just another way for the wealthy to park their money somewhere. Nobody in this country becomes wealthy through income. Income is for the middle class. But notice how the Biden tax increase is focusing on families making more than $400k. Its so fucked up. You and I will end up paying more, and the ultra rich will never pay an additional cent.

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You could increase all Nice Go Where Bassoon Takes You Music Instrument Lovers Shirt% and it would not touch most dollars earned by the ultra wealthy. It’s why very, very, rich people who identify with democrats (and Dem politicians) don’t ever talk about cap gains and instead talk about income. Its a distraction because understanding taxes on a paycheck is much easier to sell than understanding taxes on long term capital gains. Now, my proposed solution is to create more brackets at higher amounts and increase the taxes on those (for both cap gains and regular income), while not touching or even lowering the amounts at current brackets. But that’s only partially self-serving. Fair enough, that was unnecessarily black and white. The income tax increase wing hit most of us this time, but the next one will, once nothing change.

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