Imagine a billionaire wishing to leave their estate to a great grandchild.
Under the current tax code, that billionaire pays nothing in taxes if the money is left to a spouse.
With a 50% inheretance tax and generation skipping penalities, the following inheretance tax rates apply:
Child = 50%
Grandchild = 75%
Great grandchild = 87.5%
I’m not making a case for collecting inheritance taxes, I’m just pointing out that people will use the new “marry whatever you want” laws to circumvent them.
The Inheritance tax is an immoral tax to begin with. Why is the government entitled to half of your wealth when you die, it’s theft, plain and simple. Argue from that point but not this maze called gay marriage.