Don’t rich people just gift their money and assets to a relative or trust to avo... | Hacker News

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		kjkjadksj 3 months ago \| parent \| context \| favorite \| on: ROG Xbox Ally runs better on Linux than Windows it... Don’t rich people just gift their money and assets to a relative or trust to avoid those inheritance taxes?

gjsman-1000 3 months ago [–]

The Federal Gift tax is the same as the inheritance tax - 40% - after the thresholds are maxed out.

Trusts also pay the gift tax at the time of the transfer. Trusts grant control, not much in tax exemptions at this scale.

eru 3 months ago | [–]

Do these taxes still apply, even if you use a charitable trust?

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