[justlurking]

Am I understanding this correctly?

No, the $3.5M is an exemption. Anything up to $3.5M is free of estate tax.

Any amount over $3.5M is subject to the estate tax. For an estate worth $4.0M, $500,000 would be taxed.

I don't know if the exemption is indexed for inflation. But, historically, the people that have been hit hardest by this are family-owned farms and businesses, that are illiquid and have grown in value over several generations.

There have been many documented cases of children inheriting the family farm or business and having to sell it to pay the estate taxes.

[plain talk]

No, the $3.5M is an exemption. Anything up to $3.5M is free of estate tax. Any amount over

Thanks. Actually I'm stunned these socialist dems are allowing estates to have 3.5M as an exemption and not confiscating it.