Donald Trump's Pants on Fire claim about the estate tax, small businesses and farms

[tulc]

Donald Trump's Pants on Fire claim about the estate tax

In 2017, estates worth less than $5.49 million are exempt from the tax, according to the Urban Institute-Brookings Institution Tax Policy Center. Above $5.49 million, the estate is generally taxed at 40 percent. However, family-owned farms and closely-held businesses may be able to pay less or pay in low-interest installments.

So how many estates are affected by the tax? Not many, and the people who pay it are usually among the country’s richest families.

just a reminder.
tulc(is thinking about posting all of President Trumps "pants-on fire" findings)

 

[Hank77]

At one time in the past what he said was true, however tax law changed since that time and he knows it.