Tuesday 19th of September 2017 8:20:17 AM

  • TF Alarms The Situation of Estate Taxes

    Friday 14th of September 2012 12:39:36 AM

    Tax Foundation (TF) released a statement that estate tax has contributed to the slow economic growth of United States. Below revenue margin accounted to the present level of estate tax by being the smallest source of US federal revenues today.

    In 2011, estate tax increased only by roughly 0.05%, whereas 2012 would show projections of increase by 0.42%. TF pointed out that taxpayers move in making charitable donations and using a ‘stepped up’ basis for asset valuations as their means to avoid estate taxes were seen reasons for its low tax returns.

    SOURCE: tax-news.com

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