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Calculating the Estate Tax. Joel and Rachel are both retired. Married for 50 years, theyve amassed an estate worth $2.4 million. The couple has no
Calculating the Estate Tax. Joel and Rachel are both retired. Married for 50 years, theyve amassed an estate worth $2.4 million. The couple has no trusts or other types of tax-sheltered assets. If Joel or Rachel dies in 2014, how much federal estate tax would the surviving spouse have to pay, assuming that the estate is taxed at a 45 percent rate?
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