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Treasury Department Eyes Limits on Estate Tax Avoidance
The Treasury Department has proposed new rules that could limit strategies that wealthy individuals and families use to avoid having their estates hits with a 40% death tax rate. So reports The Washington Post.
The tax applies to individuals with estates valued at more $5.45 million and couples with wealth exceeding $10.86 million and can be avoided or reduced with a variety of strategies, including placing assets in limited liability corporations.
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