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Re: What is the estate tax? 

By: oldCADuser in FFFT3 | Recommend this post (2)
Thu, 09 Nov 17 10:59 PM | 49 view(s)
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Msg. 38199 of 65535
(This msg. is a reply to 38198 by zzstar)

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And for couples, the fist $11 million is free, and that's AFTER all the deductions and loopholes have been taken advantage of. This tax, which was created to prevent the establishment of a permanent aristocracy in this country, like there was in Europe which our forefathers came to America to get out from under, only effects a few hundred families per year.




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The above is a reply to the following message:
What is the estate tax?
By: zzstar
in FFFT3
Thu, 09 Nov 17 10:38 PM
Msg. 38198 of 65535

It gets even better than I thought. The tax ceiling is at $5.5 million, not at $1 million.

So, these millionaire heirs are taxed for dollars ABOVE that amount. The first $5.5 million is ...free.

The issue is not about ....farmers. It is about the 1% that are affected by these thresholds.


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