94 Trump: "[Homeowners'] houses are very valuable. It's a big part of their net worth, their house. I don't want to knock those numbers down." (twitter.com) posted 164 days ago by The_Shadow_of_Intent 164 days ago by The_Shadow_of_Intent +94 / -0 87 comments share 87 comments share save hide report block hide replies
Ever heard of fiscal drag? You should, you live near the UK.
An astronomical figure is eligible for tax in 1950.
By 2000 everyone is earning that much, and the tax isn’t adjusted or going away.
That’s inheritance taxes by 2050.
So basically inflation increasing your taxes? Aren't they indexed?
No, and that’s the point.