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104389981-Wealthy_woman_hat.530x298.jpgv1491516748 Politics 

Why the GOP tax bills will allow the ultra-rich to stay that way

A guest wearing a hat arrives at the Meydan Racecourse to attend the Dubai World Cup day horse racing event.

ABDULQADER AL-ANI | AFP | Getty Images

A guest wearing a hat arrives at the Meydan Racecourse to attend the Dubai World Cup day horse racing event.

Well-to-do households are likely to keep their millions in the family for a long, long, time, courtesy of the GOP’s proposed tax bills.

Bills from both the House and Senate Republicans call for an immediate increase in the amount of assets you can pass on without being subject to the federal estate tax. And because of how the bills were written, inheritors can escape most, if not all taxes.

Currently, an individual can transfer up to $5.49 million in assets free of estate taxes. Amounts…

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