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Originally Posted by mrnoodle
But now the death tax will come back, and my super rich parents will now pay taxes on the money they already paid taxes on when they die.
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No they won't. You will (or you would if the total was over $1.35 million), on money that is otherwise a freebie for you. It is organized to come out of the inheritance directly because that saves administrative effort and saves you money - if it counted as a straight gift, or other income, you would pay a lot more. And it is not money that
you've already paid taxes on.