Most Americans would never read such a publication, but estate lawyers sure do. Americas first death taxthats what it was officially calledwas imposed as part of the Stamp Act of 1797 to cover the cost of US military skirmishes with France. Levies on the post-mortem transfer of property originated in Egypt around 700 BC, according to an IRS history. That lifetime exemption, as of 2021, is $11.7 million for an individual and $23.4 million for a married couple. If you are an American citizen with hundreds of millions of dollars in assets, this would be a great time to die.
Levies on the post-mortem transfer of property originated in Egypt around 700 stoppage act.
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Levies on the post - mortem transfer of property originated in Egypt around 700 stoppage act .
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