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Relate the mechanics of your chosen tax regime, describing relevant forms, tax rates, etc. Describe any linkage to the federal tax code. Apply your chosen

  1. Relate the mechanics of your chosen tax regime, describing relevant forms, tax rates, etc.
  2. Describe any linkage to the federal tax code.
  3. Apply your chosen tax regime to the following "John Doe" example, demonstrating how much would be owed in state taxes, by whom, to whom, and by when.

  • Decedent John Doe.
  • Domiciled entire life in chosen jurisdiction.
  • Died at 80 years old there on February 28, 2021.
  • Widowed ten years.
  • One surviving adult daughter, who is sole beneficiary/heir/claimant.
  • All debts, expenses, and fees have been satisfied by estate. No other claims pending.
  • Net taxable assets of $10,000,000 cash and equivalents, all located in the jurisdiction of domicile and death.
  • Assume no gifts were made by John during his lifetime.
  • If there are additional assumptions needed in order to reasonably compute liability, feel free to state those as well.

Related to estate tax

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