I read some interesting stats on the inheritance tax today.
-33% of americans believe that the tax applies to all estates.
-Last year, the tax only applied to about 12,600 estates, or 1/2 of 1% of the 2.4 million people who died.
-The tax actually only applies to individuals whose estate is valued at over $2 million. The rate is $4 million for couples.
-The cap on the tax is %46.
-There are only 13 family farms in the country large enough to qualify.
-Ben 17:05 EST |