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by anguslong
6009 days ago
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Article says 5500 average per year fall into current estate tax. Estates taxed at 45% beyond the $3.5 million threshold (2009). 2010, tax is 15% of all assets without further action by Congress (or retroactive action). In 2011, 55% tax beyond $1 million. Which impacts significantly more (cite?) than 5500 estates. $1 million includes property, fixtures, assets, cash. Shame that tax code will (no doubt) impact decisions of quite a few terminal patients. |
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