An America Where Your Kids Can’t Afford To Keep Your Money
By JENNIFER SMITH
FOR DAILYMAIL.COM
Middle income families are lashing out against Joe Biden’s punitive new tax plan that would claim a large chunk of the amount someone leaves to their kids when they die just because it has gone up in value over the course of their lifetime.
The harsh new tax – dubbed Biden’s ‘death tax’ – is hidden in his American Families Plan and it’s receiving ferocious backlash. It proposes that when someone dies, any asset they leave behind that has appreciated in value by more than $1million since the time they bought it should be taxed.
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