Birdwatch Archive

Birdwatch Note Rating

2024-04-24 04:53:34 UTC - HELPFUL

Rated by Participant: 5941370B452755801F39BDD45CAA07816610678165942C3F0DFA93293DE4BF2C
Participant Details

Original Note:

While estate & inheritance taxes technically differ, laypeople often conflate them. There's a federal estate tax, & 12 states & DC have one too. Computation is complicated. If an individual's taxable estate is >$1 million after exemptions & deductions, fed tax rate = 40%. https://smartasset.com/taxes/all-about-the-estate-tax

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