planetmoney

Almost No One Pays The Estate Tax

planetmoney:

"…is levied only on the portion of an estate’s value that exceeds a specified exemption level, currently first $5.25 million of every estate (effectively $10.5 million per married couple) is exempt from tax (with that level indexed for inflation).”  

I had no idea that the threshold for estate taxes were so high. (H/T John Oliver for reviving this paper

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Interesting read: http://www.cbpp.org/files/estatetaxmyths.pdf