Monday, September 23, 2013
Don't Die in Maryland or New Jersey
Diana Furchtgott-Roth (Director of Economics21 and Senior Fellow, Manhattan Institute), Where Not to Die, 69 State Tax Notes 775 (Sept. 23, 2013):
Diana Furchtgott-Roth discusses prospects for estate tax reform at the federal and state levels and concludes the worst places to die are New Jersey and Maryland.
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https://taxprof.typepad.com/taxprof_blog/2013/09/dont-die.html
MD has no inheritance tax on property going to a lineal descendant, spouse of a child or other lineal descendant, spouse, parent, grandparent, stepchild or stepparent or siblings.
And for most estates the tax rate is approximately 9.9% of the amount that the estate value exceeds $1,000,000.
Posted by: jmdcpa | Sep 27, 2013 1:32:54 PM