But aside from
the higher estate tax threshold, Cuomo has not provided any «massive tax breaks» to super-rich earners.
Not exact matches
Republicans in the state Senate are supporters of the
estate tax cut, and would like to immediately adopt the
higher federal
threshold.
The agreement also includes several
tax changes, including a new property
tax rebate for homeowners outside of New York City and a
higher threshold for when
estate taxes are owed.
The agreement also includes several
tax changes, including a new property
tax rebate for homeowners outside of New York City and a
higher threshold for when
estate taxes are owed.
Meanwhile, the
estate tax, which really applies to very few people due to its
high threshold, has seen its exclusion doubled.
For most people — especially now that the individual
estate tax threshold is so
high — life insurance should be a temporary stopgap, to be used during that period of your life when you have family and financial obligations but haven't yet built up enough savings to self - insure.