More give in the gift tax
Don’t neglect estate planning
Moving your business to a low-tax state
Factoid : Bountiful bequests
The IRS has clarified that the 2018 indexed federal estate tax exemption amount is $11.18 million, not the original estimate of $11.2 million.
Did you know?
Recognizing tax burdens, the U.S. areas with the highest cost of living are Manhattan, San Francisco, Silicon Valley, and Brooklyn, in that order. Among 253 locations studied, total taxes as a percentage of gross income range from 25% (Casper, WY) to 45% (Manhattan, NY). In lower cost areas such as Memphis, Oklahoma City, and Cincinnati, gross income under $75,000 could provide a standard of living requiring over $300,000 in Manhattan and more than $200,000 in San Francisco.
Source: Wahrheit Ventures (more…)