The Tax We’re 99.93% Sure That You Will Never Pay
Optimist Economy
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Understanding the Estate Tax: History and Misconceptions
This chapter explores the estate tax's historical roots from 1797 to its modern applications in the U.S. tax code. It clarifies common misconceptions surrounding the tax, particularly its connection to wealth inheritance and the misconception of 'double taxation'. The discussion emphasizes the tax's relevance today, focusing on legislative changes that have significantly reduced the number of estates subject to it and the ongoing impact on wealth distribution.
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