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by wdr1
1790 days ago
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> while at the same time pushing to almost completely remove estate taxes, as was done during the 2018 tax cuts Just to stop fake news: The tax cuts increased the exception for estate tax from $5.6M to $11.2M ($22.4M for married couples.) After that amount, the estate is taxed at 40%. OP may feel that's the same as removing it. Or they may have been misinformed & actually thought it was removed. Either way it's incorrect. (And this is not to defend or condemn the tax bill. I just think it's important to get accurate facts on the table. I have my own opinions on how we should reform estate taxes, but my focus would be on cost basis, not exemptions.) |
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