Prince's death brings up the issue of estate taxes. Between Minnesota and the federal government at least 50% of estimated 300 million dollar estate will be paid out in taxes. Sanders and Clinton are proposing raising the federal estate tax to around 45% and lower the tax exempt amount of money inherited.
http://www.newsmax.com/Finance/StreetTalk/Prince-Death-Estate-Tax/2016/05/02/id/726685/
It was already taxed once.
http://www.newsmax.com/Finance/StreetTalk/Prince-Death-Estate-Tax/2016/05/02/id/726685/
It was already taxed once.