Taxing inheritances
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Taxing inheritances under the income tax is a great idea — here’s how it could work
Yahoo Finance· 2025-11-25 16:32
The wealthy often avoid earned income, which means they escape payroll taxes entirely and ordinary income rates under the income tax. - Getty Images In a recent column, I discussed how the federal tax code has created two separate societies: working Americans who earn wages and pay taxes to support government programs and the ultrawealthy who have removed themselves from the tax system almost entirely. The wealthy often avoid earned income, which means they escape payroll taxes entirely and ordinary inco ...