Estate taxes articles
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Proposed legislation would increase threshold for farm estate taxes
(The Center Square) – There is a bipartisan effort in Illinois aimed at preserving family farms in the event of a family member’s death. The Family Farm Preservation Act in House Bill 4600 is designed to protect farm families and their land by updating the Illinois Estate Tax code to include protections in regards to inflation. Proponents say some families were forced to sell off some or all of the family farm to pay the estate tax, also called the "death tax." ...
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A Taxing Timeat Tax Time
Was it as bad for you as it was for me? Sending Washington money we earn, but Washington doesn’t, I mean? It’s not just being part of half the nation that pays taxes while the other half doesn’t that bothers me. It’s the waste and unnecessary programs and agencies that have long outlived whatever usefulness they once had (if they were ever necessary). And still President Biden wants to raise taxes even more without proposing a single dollar be cut to reduce our unsustainable $34 trillion debt. ...
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A Taxing Timeat Tax Time
Was it as bad for you as it was for me? Sending Washington money we earn, but Washington doesn’t, I mean? It’s not just being part of half the nation that pays taxes while the other half doesn’t that bothers me. It’s the waste and unnecessary programs and agencies that have long outlived whatever usefulness they once had (if they were ever necessary). And still President Biden wants to raise taxes even more without proposing a single dollar be cut to reduce our unsustainable $34 trillion debt. ...