Thread: AU Productivity Comm says unblock AU and stop rewarding DRM holders in grave!
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Old 05-07-2016, 10:07 PM   #85
eschwartz
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Quote:
Originally Posted by HarryT View Post
However, it also notes that, in US law, the first $5m of an estate is free from inheritance tax, meaning that very, very few people pay it. In the UK, by comparison, the amount is £325,000, meaning that many people who own a house will be liable to it, given rises in house prices in recent decades.
There is a Federal tax and a State tax -- the article says only for the Federal tax is the first $5m free.

US != UK our laws come with Added Redundancy.
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