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The Clubhouse Bar
Queen Elizabeth II
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<blockquote data-quote="ncurd" data-source="post: 1101612" data-attributes="member: 72205"><p>Huge misconception of inheritance tax by many many people its only on assets above 325k the rest of that is tax free, its free to spouses, civil partners and grows to 500k for children and grandchildre). <strong>Median </strong>wealth on over 65's peaks at 350k in the 65-69 bracket those older have even less. Meaning well over 50% of the population will not pay a penny of inheritance tax.</p><p></p><p>Don't get be wrong its stupid the royals don't but its a tax on high wealth not a tax on low wealth at all. The way conservatives talk about it you'd think otherwise.</p></blockquote><p></p>
[QUOTE="ncurd, post: 1101612, member: 72205"] Huge misconception of inheritance tax by many many people its only on assets above 325k the rest of that is tax free, its free to spouses, civil partners and grows to 500k for children and grandchildre). [B]Median [/B]wealth on over 65's peaks at 350k in the 65-69 bracket those older have even less. Meaning well over 50% of the population will not pay a penny of inheritance tax. Don't get be wrong its stupid the royals don't but its a tax on high wealth not a tax on low wealth at all. The way conservatives talk about it you'd think otherwise. [/QUOTE]
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