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Reader relieved estate is tax-free
Wayne Andrews
Aug. 1, 2014 5:08 pm
I was really upset about the July 29 letter 'Estate taxes are unfair, unjust” by Robert Cribbs, until I looked it up and discovered I won't have to pay it. Not only will I not have to pay it, but none of my friends or family will have to pay it.
Not because we won't die, but because we don't have estates worth more than $5.34 million, which is the amount of an estate that is tax-free. Hardly seems like a 'death tax” if a lot of us get off dying for free.
I know none of us like taxes, unfortunately we do like money for education, food inspections, clean air, roads, police and fire departments, the military, legal systems, etc.
Maybe if I vote for Joni Ernst she will eliminate all the aforementioned stuff and none of us will pay any tax. I doubt it, though.
I would much rather see an estate tax than have income taxes raised to support the things we need. But I am glad that Ernst is out there fighting for the roughly 4,000 estates nationally who will have to pay the death tax this year.
Wayne Andrews
Marion
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