They can afford to hire the lawyers to avoid paying inheritance taxes. There are plenty of legal loopholes if you can afford the lawyers. Do you think the really big money families like the Kennedys, Rockefellers, or Fords worry about inheritance taxes? Dream on.
On the other hand, a lot of small business owners get slammed by the inheritance tax. Their net worth can easily exceed the tax cut-in point even though they don't have a lot of money. It's called being asset rich but cash poor.
People already pay all sorts of taxes on everything they earn for all of their life. Only the truly greedy think it's ok to turn around and hit their estates for another 50% or so in taxes after they die.
As for Bill and his Dad, if they think they're not paying enough in taxes, they're free to send in more money to the government any time they want. Nothing is stopping them or anyone else from paying more.
Current Events » in reply to What the richest man in the world, and his father, think of the inheritance tax
That's easy for them to say...