CNBC Poll: What's a Fair Inheritance Tax
Sometime this year, Congress will have to approve new legislation determining the inheritance tax. In recent years, it's been both high and low — and, well, nonexistent, which makes for a bit of suspense — especially in a presidential election year.
The inheritance tax has always been the subject of fiery debate, even though for most Americans it's a moot point. After all, what's to inherit if your parents outlive their retirement money or health care bills savage their nest egg.
But even with the multi-year slump in real estate, the homes of many middle class, suburban Americans are now worth a small fortune.
That asset and other savings can make for a comfortable retirement. Those with foresight can give away money during their retirement years and in many cases avoid the bite of taxes in transferring that wealth.
Still with all the backlash against the one percent and the government's ballooning national debt, some people think an inheritance tax is fair.
What do you think?
