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In calculating the federal estate tax on a large estate (say, $20 million), you need to know two things. They are: Marginal and total tax
In calculating the federal estate tax on a large estate (say, $20 million), you need to know two things. They are:
Marginal and total tax rate of the decedent |
Exclusion amount and tax rate on remainder |
Federal excise and property taxes |
Ages of the decedent and any heirs |
Marginal and total tax rate of any heirs |
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