- Jan 16, 2019
- 23,262
- 19,378
- Country
- United States
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- Female
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- Non-Denom
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- In Relationship
You believe it is a bad idea?
Come now. You’re too learned for that.
I'm thinking we should cut that tax-free portion in half.
When a person passes away and bequeaths an estate to a descendant, it can be subject to a substantial 40 percent tax if it is worth more than a certain amount. The Tax Cuts and Jobs Act (TCJA) temporarily doubled the Death Tax exemption to $11 million. However, beginning in 2026, the exemption will revert to the pre-TCJA level of $5.5 million.
Repeal the Death Tax
~bella
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