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To: Boomer

Illinois, in addition to state income tax, has an ESTATE TAX that is graduated and goes up to 16%. Almost all his Illinois estate tax (starting at $10.04 million) would be at that 16% rate.

Florida has neither an estate nor an inheritance tax. Of course it also has no state income tax.


16 posted on 06/23/2022 3:12:01 PM PDT by House Atreides (I’m now ULTRA-MAGA-PRO-MAX!)
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To: House Atreides

And property tax is about half for similarly priced house.


24 posted on 06/23/2022 3:32:36 PM PDT by entropy12 (Trump/DeSantis & MAGA! are the only way to keep USA viable.)
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