Finance / Government Watch

Top Five Reasons The Death Tax’s 100th Birthday Should Be Its Last

tax-formFrom – Forbes.com – By Ryan Ellis

In case you haven’t heard, the federal estate, gift and generation-skipping transfer tax (collectively known as the “death tax”) turned 100 this month.

The death tax is liable on estates above a “standard deduction” of about $5.4 million ($10.8 million if a surviving spouse passes). The top death tax rate is 40%.

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