Welcome to the 4th Bore
Everyone who earns under $113K a year has just had their direct taxes increased.Everyone who is passing on an Estate now has a massive amount of valuation to play with and--unless their death is VERY unexpected--has significantly reduced liabilities.
Doesn't the payroll tax apply to everyone (on payroll), with the $113K cap making it regressive?
The Estrate tax is about the biggest lie imaginable.
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I read that as "celebrate accordingly".
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