"The fact that Annie Leibovitz has been pawning her famous photographs has a lot of people wondering why. How can this esteemed artist, creator of famous portraits of stars from John Lennon to Miley Cyrus, be forced to use her prized possessions as collateral?
Now, After Ellen is reporting part of that answer. The website says it's because she's been forced to pay the so-called "gay tax." While married couples can inherit each other's property upon death without paying taxes, gay couples cannot. So when Leibovitz's partner, Susan Sontag, died in 2004, Leibovitz had to pay hefty taxes on the property that Sontag left to her."
"As Suze Orman pointed out in her Valentine’s Day wish for gay marriage, same-sex couples do not have the same privileges as straight married couples when it comes to inheritance. If your partner passes away and leaves her estate to you, you have to pay up to 50 percent of the value of your inheritance in taxes. However, if you and your partner were recognized as a married couple, you wouldn’t have to pay a dime. And it is precisely this unjust double standard that got Annie Leibovitz into financial trouble."*
I don't get how inheriting stuff makes you poorer, even if you have to pay half of that stuff in taxes. You still have more than you started with.
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