Note how the name calls out “tax relief” for farmers and small businesses, because this keeps the repeal of the tax for people under 3.5 million.
If a parent leaves an insurance policy of $3.5 Million or more, the gov. takes 45% of the money.
If a parent leaves a small business worth $3.5 Million or more, the gov. takes 45% of the value of the business?
Am I understanding this correctly?