United Airlines CEO says inheritance tax should be raised to nearly 100% and he would pay it
UAL United Airlines Holdings Inc
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View chart & analysis → - 1United Airlines (UAL) CEO Scott Kirby advocated for a national wealth tax in a New York Times interview
- 2He stated that inheritance tax should be raised to nearly 100% at some level and that he would pay it himself, noting that state-level wealth taxes are ineffective due to migration
- 3There is no federal inheritance tax, and the federal estate tax exemption is $15 million, meaning only 0.2% of estates are subject to tax
So what's the key point?
The United Airlines CEO said that much more tax should be collected from the wealthy. He said he would pay it even if the inheritance tax were raised to almost 100%, and currently, only 0.2% of estates are subject to tax.
Source Yahoo Finance +3 · View original ↗
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