Sam Pitroda s discussion on inheritance tax in India sparks a debate on fair wealth distribution and the utilization of public welfare resources. Now, let s delve into inheritance tax laws and the countries that enforce them.
Inheritance tax in the US is applicable when the person who dies passes on assets lived in one of the six states. It is the state where the decedent lives, and not the beneficiary, that determines if an inheritance tax applies. It is currently imposed by six US states. Iowa, however, will abolish it by 2025