Post by ck4829 on Feb 8, 2022 11:23:08 GMT
Rich Americans to Send $73 Trillion to Heirs in New Gilded Age
Americans can expect to inherit $72.6 trillion over the next quarter century, more than twice as much as a decade ago, in the latest indication of how soaring markets are poised to bolster the next generation of the ultra-rich.
Almost half of all U.S. wealth transferred from the end of 2020 through 2045 will come from the top 1.5% of households, according to estimates from research firm Cerulli. Using trusts and other techniques, the wealthiest Americans can shield the bulk of their fortunes from the federal government’s 40% estate and gift tax levy. President Joe Biden and Democrats in Congress ...
news.bloombergtax.com/daily-tax-report/rich-americans-to-send-73-trillion-to-heirs-in-new-gilded-age
Almost half of all U.S. wealth transferred from the end of 2020 through 2045 will come from the top 1.5% of households, according to estimates from research firm Cerulli. Using trusts and other techniques, the wealthiest Americans can shield the bulk of their fortunes from the federal government’s 40% estate and gift tax levy. President Joe Biden and Democrats in Congress ...
news.bloombergtax.com/daily-tax-report/rich-americans-to-send-73-trillion-to-heirs-in-new-gilded-age