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Home>The 100th anniversary of the estate tax

The 100th anniversary of the estate tax

3party Content

Sat, 30 Apr 2016

By Laura Saunders The tax was enacted prior to the U.S.'s World War I entry In 1916, as World War I raged in Europe, Congress wanted to boost U.S. revenues in case America joined the fighting, so lawmakers voted for a new tax on a person's assets at death. This levy affected fewer than 1% of
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