What impact does the abolition of inheritance tax in the United States have on the rich?

The recent tax reform in the United States has exploded the world, and the abolition of inheritance tax has made the rich anxious. What is the specific situation? Many people are interested in this. Let's take a look at the impact of the abolition of inheritance tax in the United States on the rich with the immigration column! Welcome to reading.

What impact does the abolition of inheritance tax in the United States have on the rich?

The biggest winner is the super rich-abolish the inheritance tax?

The new tax reform bill has doubled the lower limit of property inheritance tax. Under the new tax reform scheme, individuals and couples whose property is less than $654.38+$009,800 and $22 million respectively do not need to pay inheritance tax, and it is expected that the inheritance tax will be completely abolished in 2024.

In other words, the richest people who account for 20% of the total household income in the United States, and families with an annual income of more than 480 thousand dollars. At present, the highest level of personal income tax remains unchanged at 39.6%, but the inheritance tax may be cancelled permanently.

Most enterprises in China have lightened the tax pressure.

Previously, because of the high corporate tax, most bosses in China chose not to pay corporate tax for the time being, but to be borne by the person in charge of the company through personal tax. Now the corporate tax is only 20% after the tax reform, and many companies may choose to file tax returns directly through the company.

At the same time, for small start-ups, they can't move their companies overseas to avoid taxes. The high corporate tax has brought great pressure to their operation. Now that the corporate tax has dropped sharply, they finally have a chance to relax. Some media predict that if the tax reform plan is implemented, it will reduce taxes by $6 trillion for American companies, small business owners and individuals in the next decade.

Trump's tax reform plan has reduced the tax revenue of American companies, which is a big plus for American companies. This will reduce the burden on American enterprises and residents, stimulate investment and consumption to stimulate economic growth, and then guide global capital to flow into the United States, which will also bring downward pressure on RMB assets.

Low-income groups are exempt from taxes.

Low-paid individuals with an annual income of less than $65,438+$200,000, and low-paid families (couples) with an annual income of less than $24,000 do not need to pay personal income tax.

Ordinary middle class with an annual income of 6.5438+10,000.

For example, the median household income in San Francisco is $88,565,438+08 (2065,438+05, data from the Ministry of Digital Affairs). Before and after the tax reform, this group paid taxes in the third grade, but the tax rate changed. For this group, the new proposal has reduced more than 2000 dollars on the old basis.

Families with children

After the tax reform, the United States will have greater tax incentives for families with young children. In the future, for families with children under the age of 17, the tax relief will be increased from 1000 to 1600, plus an additional tax benefit of $300. It is also a lot of money.

Ultra-high-income families with an annual salary of $480,050-$65,438+0,000,000.

Joint tax filing by husband and wife can reduce a lot of taxes for families, and 4.6% tax can be paid less in one year. The money saved from tax filing can buy a luxury car!

In addition, the "alternative minimum tax" will be abolished. It is said that Trump ran for president and asked him to hand over the tax bill. As a result, he only paid 25% tax last year, and 23% of this 25% was in place of the minimum tax. If it were not for the existence of the minimum tax, Trump might pay less.

So this should be Trump's most annoying one, and it is also expected to cancel the alternative minimum tax. In many ways, wealthy families are the biggest beneficiaries.

The above is my careful arrangement for the abolition of inheritance tax in the United States. Thank you for browsing.