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by vel0city
610 days ago
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Massachusetts requires estates worth $1M+ to report for estate taxes. There's something like a $60k exemption and then it's a progressive rate system. Based on what I'm seeing, a $2M Massachusetts estate would have $50k of estate taxes to pay, a 2.5% effective tax rate. In the end though only 12 states have an estate tax, and Massachusetts has the lowest threshold and highest rates. |
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