HILLARY WANTS TO RAISE ESTATE TAX TO 65%

Posted on September 23, 2016

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WSJ: “Tax plan changed to increase top rate for wealthiest households. Democratic presidential candidate Hillary Clinton would impose a 65% tax on the largest estates and make it harder for wealthy households to pass appreciated assets to their heirs without paying taxes, according to an updated version of her tax plan released Thursday.”

The estate tax increase and other new proposals from Clinton would generate $260 billion over the next decade, enough to pay for her plans to simplify small business taxes and expand the child tax credit, according to the nonpartisan Committee for a Responsible Federal Budget, which advocates fiscal restraint.”

Consider all of the tax paid throughout your life and then add another 65% at death.

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WSJ: Hillary Clinton Proposes 65% Top Rate for Estate Tax

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Posted in: News, Politics