TIL that the IRS only allows you to "gift" $15k to any given person per year without paying taxes. So I guess giving away everything you own would be quite a taxable event
The 15k limit has come up in my finances a couple of times in the last few years. I’ve used it.
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The 15k gift limit is fairly well known...how it ties to inheretence limits is much less so. In any case, kudos.
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Beneath the unworldly blogger exterior I’m a bureaucracy-arbitraging evil life hacker
End of conversation
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