Americans to inherit $764B this year, mostly tax-free

AMERICANS are expected to inherit $764 billion in 2020. / BLOOMBERG NEWS FILE PHOTO/PAUL YEUNG\
AMERICANS are expected to inherit $764 billion in 2020. / BLOOMBERG NEWS FILE PHOTO/PAUL YEUNG
NEW YORK – One way the rich get richer is through inheritance, and they’re barely paying taxes on it. Americans are projected to inherit $764 billion this year and will pay an average tax of just 2.1% on that income, New York University law professor Lily Batchelder estimates in a paper published Tuesday by the Brookings Institution.…

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