Revolutionary Tax System Maximizes Inheritance and Retirement Savings Benefits
The article explores how to create the best tax system for inherited wealth and retirement savings when these two financial aspects overlap. The researchers consider how retirement savings can be used for both saving for the future and leaving money to children. They find that the characteristics of parents, like their income, lifespan, and generosity, along with the government's goals for fairness, determine the type of tax system that works best.