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02/19/2018
02/18/2018
02/17/2018
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The 100th anniversary of the estate tax - MarketWatch - 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 Americans who died and raised less than 1% of federal revenue in 1917.
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