MarketWatch: So how many people actually pay America’s estate tax?

MarketWatch reports that only 5,219 households actually pay the federal estate tax.  It’s article begins as follows:

President Trump’s family may have had a very complicated way of processing estate taxes over the years. But very few families actually are taxed on their estates.

The state of New York on Tuesday launched an investigation into President Donald Trump following a New York Times report alleging that he and his family set up a web of fraudulent financial schemes to transfer money from one generation to the next. Trump was given at least $413 million in today’s dollars from his father Fred’s vast real estate empire. (Through his lawyer Charles Harder, President Trump denied the report and said the president had virtually no involvement.)

But how many people actually pay the federal estate tax? Only 5,219 households.

See full article by clicking here.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal. 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s