Estate Tax Is Alive and Well, and States Are Dying for the Revenue
Filed under: Taxes, Estate Planning, Estate Tax
Thought the estate tax debate was a thing of the past? Not so fast.
Even though the fiscal-cliff compromise kept the federal estate tax exemption at its former level of $5 million, many state governments are imposing estate or inheritance taxes on more modest amounts.
With many states suffering from budget shortfalls, estate tax revenue is more important than ever in keeping government programs running. And that means that some states are hitting the heirs of the recently deceased in the…
Estate Tax Is Alive and Well, and States Are Dying for the Revenue originally appeared on DailyFinance.com on 2013-02-04T16:09:00Z.
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