Understanding Death Taxes

Benjamin Franklin once wrote in a 1789 letter, “…in this world nothing can be said to be certain, except death and taxes.” This bit of wry humor is true, of course. And in our modern time, we’ve figured out how to combine those certainties with what are commonly known as “death taxes.”

As with most things today, the term “death taxes” is politically charged – the name was devised (likely in the 1990s) to describe estate and inheritance taxes by opponents looking to have those repealed. Unfortunately, their efforts were unsuccessful, but the morbid name stuck.

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