It’s for avoiding federal taxes. The federal government can fix the situation an... | Hacker News

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		lotsofpulp on Dec 1, 2023 \| parent \| context \| favorite \| on: Billionaires amass more through inheritance than w... It’s for avoiding federal taxes. The federal government can fix the situation anytime it wants, and it won’t matter where in the US people live.

verall on Dec 1, 2023 | [–]

> [A functioning federal government could] fix the situation anytime it wants

SoftTalker on Dec 1, 2023 | [–]

Specifically for avoiding tranfer/inheritance taxes.

Any money actually paid out of the trust to a beneficiary is subject to that individuals federal income taxes.

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