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(I said this in response to a comment, but there seems to be a lot of confusion on the estate tax all over this sub-thread -- sorry for the repeat) An estate o
by loumf 12y ago
(I said this in response to a comment, but there seems to be a lot of confusion on the estate tax all over this sub-thread -- sorry for the repeat)
An estate of 5 million pays $0 in estate tax. The tax is on the amount (net of deductions) OVER 5.34 million.
A net $6m estate would pay about 4% (264k), not 40%.