As recently as 1976, the US estate tax applied to more than 7% of all descendants at a top rate of 70% By 2019, that had shrunk to just 0.07% of descendants, a level that allows for the concentration of wealth in very few hands.
As recently as 1976, the US estate tax applied to more than 7% of all descendants at a top rate of 70% By 2019, that had shrunk to just 0.07% of descendants, a level that allows for the concentration of wealth in very few hands.
