471 million in estate taxes on a $1 billion collection? That's depressing. Tax collectors being able to declare arbitrary valuations? That's terrifying.
The more common situation is extremely high valuations, and thus taxes, on real estate which is listed and not selling at half the valuation. I know many people who have gotten burned by that.
The more common situation is extremely high valuations, and thus taxes, on real estate which is listed and not selling at half the valuation. I know many people who have gotten burned by that.