re: #303 Obdicut

A VAT is regressive, like any other form of sales tax.

There’s plenty of ways to make exceptions in the estate tax to provide for family homes and the like. And the point is that that monetary transfer can happen before death. You can create a trust to keep your kid in long term care, before you die. That’s what you should do, if you have such a circumstance. That is part of the point of the estate tax, to get the wealthy to keep the money moving, even if it is to their kids.

Hell, I’d be fine with lowering the gift tax and raising the estate tax, to promote that.

However with trusts, you avoid many of the taxes altogether- thus the trusts become the vehicle avoid the death tax.

The gift allowance is 14k per year. To be clear, are you advocating that amount be raised?