Social Question

JLeslie's avatar

Did the estate tax exemption double or not?

Asked by JLeslie (65746points) September 1st, 2018 from iPhone

I had read that part of Trump’s tax reform was increasing the estate tax exemption, but did that part actually get passed? Something like $11m per person, is that right? So, a couple can exempt $20m? Why the hell is anyone ok with that? Don’t bother answer why anyone is ok with it, I know all the excuses, family farms, and why should the government tax money more than once, etc.

Did the gift tax exemption get raised too?

Observing members: 0 Composing members: 0

1 Answer

Answer this question

Login

or

Join

to answer.
Your answer will be saved while you login or join.

Have a question? Ask Fluther!

What do you know more about?
or
Knowledge Networking @ Fluther