I just saw a news article about the mayor of New York and a member of the New York State House of Representatives proposing to reduce the inheritance tax exemption in New York from $7.35 million to $750000 and raise the highest tax rate from 16% to 50%, A friend asked me before why I didn't consider moving to the United States, and I happened to ask my neighbor about this question. His whole family was actually planning to go to the United States from the beginning, while Singapore didn't even think about it at that time. One of the main reasons for giving up going to the United States is that its taxes are too high. Many people know that taxes in the United States are high because it is not a single tax, but a combination of federal, state, and local taxes. The United States is also a global taxation country, and once it becomes a tax resident of the United States, overseas income must also be included in the US tax declaration system. Although the federal estate tax exemption has been increased to $15 million in 2026, each state has its own standards, some states levy estate tax, some states levy inheritance tax, and even some states have both. More importantly, the inheritance tax at the state level and the federal inheritance tax are not a binary choice, but are calculated and levied separately. For example, New York State is a typical example. The state's tax exemption is much lower than the federal level, so at the federal level, it may not have reached the threshold for inheritance tax, but at the state level, it has already faced the issue of inheritance tax. If a person passes away in 2026 and is a resident of New York State without spousal tax exemption, charitable donations, complex trust arrangements, or other deductions. If his taxable inheritance is 30 million US dollars. According to the New York State tax table, the approximate state inheritance tax is: 1082800+16% x (30000000-101000000)=4266800 USD. That means New York State took about $4.2668 million first. Next, let's move on to the federal level. Because the federal government allows the deduction of state death tax, the federal government is not directly calculating 30 million yuan, but first deducting the New York state inheritance tax that was just paid: 30000000-4266800=25733200 USD The basic tax exemption for the federal government in 2026 is $15 million, while the tax rate for the portion of the federal unified tax rate table above $1 million is 40%. The federal estate tax is approximately: 40% x (25733200-15000000)=4293280 USD That is to say, an additional $4.2933 million will be paid at the federal level. In this way, the total estate tax burden for this $30 million inheritance is roughly New York State 4266800+Federal 4293280=$8560080, with a comprehensive tax burden of nearly 28.5%. The highest is Washington State, with a top tier tax rate of 35%. Not to mention other tax rates in the United States, one of the biggest reasons why many high net worth individuals do not choose to immigrate to the United States is that the taxes are too high.