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Illinois | So just to be clear if your over the 3.5 million you pay when asset is transferred but under 3.5 million you pay when it sells? Assets under 3.5 million will be charged tax going back to when they were originally purchased @ 43%+ income tax? You could loose 70-80% real fast on a smaller estate if I understand this correctly. Same 70-80% to the larger estate but it happens quicker | |
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Biden estate tax
