The threshold of federal inheritance tax is relatively high, and it is generally not levied. For ordinary Americans, it is more necessary to bear the state inheritance tax at present, but the inheritance tax is mainly applicable to distant relatives or people who have nothing to do with the deceased. The immediate family members are more tax-free and the tax rate is lower. However, if Biden's tax reform bill is really passed, it will fall into the trap of "double taxation" of the American middle class, which means that some families must sell their assets to pay inheritance tax and inheritance tax, and only these poor people will be "cut leeks" in the end.

American inheritance tax is levied from1000000 USD, and the proportion is 18%-50%. But the inheritance tax is only for the children of the deceased, and his wife and parents do not need to pay it.

1. If the inheritance amount is less than 1 ten thousand dollars, it is 18%.

2.20% of the inheritance amount is less than $20,000.

3.49% of the inheritance amount is less than 2.5 million US dollars.

4.50% of the inheritance amount is more than $2.5 million.

Article 8 of the Law of People's Republic of China (PRC) on the Administration of Tax Collection * * * Taxpayers and withholding agents have the right to know the provisions of national tax laws and administrative regulations and information related to tax payment procedures from the tax authorities.

Taxpayers and withholding agents have the right to ask the tax authorities to keep their information confidential. The tax authorities shall keep the information of taxpayers and withholding agents confidential according to law.

Taxpayers have the right to apply for tax reduction, exemption and refund according to law.

Taxpayers and withholding agents have the right to make statements and defend the decisions of tax authorities; Enjoy the right to apply for administrative reconsideration, bring an administrative lawsuit and claim state compensation according to law.

Taxpayers and withholding agents have the right to sue and report the illegal acts of tax authorities and tax personnel.