Then add in inheritance taxation which makes it hard to pass down farms, businesses for the non 1%.
Only 6 states have an inheritance tax. The Federal Estate Tax applies only to those who leave assets over 12 million.
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Then add in inheritance taxation which makes it hard to pass down farms, businesses for the non 1%.
Only 6 states have an inheritance tax. The Federal Estate Tax applies only to those who leave assets over 12 million.