Able Quote by Will Rogers
“They have passed the big inheritance tax, and that gets you when you are gone. You used to could die and be able to beat taxes, but not now. The undertaker don't go over your body as carefully as the assessor does your accumilated assets, and he gets his before the undertaker. They have it on these big fortunes now where they pay as high as 60 to 70 percent of what they leave. That's mighty expensive dying when it runs into money like that, and you won't see 'em dropping off as casually as they have been.”
About This Quote
Source Speech: Public commentary, early 20th century, USA
Inheritance taxes now claim a large share of estates, making death financially burdensome for wealthy individuals.
In simple terms: Estate taxes take most of a large inheritance.
Key Takeaway
Plan finances to minimize tax impact.
Themes
taxes
wealth
death
financial planning
Mood
cautious
reflective
Type
observational
critical
When to use this quote
- wealthy individuals
- estate planning
- financial advisors
- legal counsel
Key Concepts
inheritance tax
estate planning
government policy
Questions to Reflect On
- How can individuals protect assets from heavy taxes?
- What are the societal impacts of high inheritance taxes?
A Different Perspective
High taxes may discourage wealth accumulation and affect charitable giving.
