Tax-Free Inheritances Fuel America’s New Gilded Age

“Americans can expect to inherit $72.6 trillion over the next quarter century, more than twice as much as a decade ago, in the latest indication of how soaring markets are poised to bolster the next generation of the ultra-rich,” Bloomberg reports.

“Almost half of all U.S. wealth transferred from the end of 2020 through 2045 will come from the top 1.5% of households… Using trusts and other techniques, the wealthiest Americans can shield the bulk of their fortunes from the federal government’s 40% estate and gift tax levy.”