From The Wall Street Journal, Real Time Economics, "
When the Superrich Die, Here’s What’s in Their Wallets" by Richard Rubin and Josh Zumbrun:
The richest people pass on smaller shares of their estates to their heirs–and it’s not just because of more of their wealth is subject to taxation. They tend to have bigger debts and make bigger charitable contributions. Charities collected $18.4 billion from bequests from the returns filed in 2014, with 58 percent of that coming from just 1.4 percent of estate tax returns.
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