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re: Wealth-to-GDP Ratios in the U.S. Since 1945
Posted on 6/22/12 at 2:10 pm to Doc Fenton
Posted on 6/22/12 at 2:10 pm to Doc Fenton
And it drops 50% when you die
1
Posted on 6/22/12 at 2:40 pm to TigerTailsSoup
quote:
And it drops 50% when you die
If you're referring to etate taxes, currently the first $5mm is excluded and then the max rate is 35% after that.
As someone who recently dealt with the estate of a relative, this one fell below the taxable threshold and zero taxes were taken.
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