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Q: What is Estate & Gift tax?

A: The estate tax in the United States is a federal tax on the transfer of the estate of a person who dies. The tax applies to property that is transferred by will or, if the person has no will, according to state laws of intestacy. Other transfers that are subject to the tax can include those made through a trust and the payment of certain life insurance benefits or financial accounts. The estate tax is part of the federal unified gift and estate tax in the United States. The other part of the system, the gift tax, applies to transfers of property during a person's life.
In addition to this federal estate tax, many states have enacted similar taxes. These taxes may be termed "inheritance taxes" to the extent the tax is payable by a person who inherits money or property of a person who has died, as opposed to an estate tax, which is a levy on the estate (money and property) of a person who has died.
The estate tax is often the subject of political debate, and opponents call it the "death tax". Some supporters of the tax have called it the "Paris Hilton tax".
If an asset is left to a spouse or a federally recognized charity, the tax usually does not apply. In addition, a maximum amount, varying year by year, can be given by an individual, before and/or upon their death, without incurring federal gift or estate taxes: $5,340,000 for estates of persons dying in 2014 and 2015, $5,450,000 (effectively $10.90 million per married couple, assuming the deceased spouse did not leave assets to the surviving spouse) for estates of persons dying in 2016. Because of these exemptions, it is estimated that the largest 0.2% of estates in the U.S. will pay the tax. For 2017, the exemption increased to $5.49 million. In 2018, the exemption doubled to $11.18 million per taxpayer due to the Tax Cuts and Jobs Act of 2017. As a result, about 3,200 estates were effected by this 2018 increase and were not liable for federal estate tax.

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Everything you need to know about the 4 major forms of life insurance.

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Trust Chain
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Trust Chain Global on LinkedIn: Welcome to Trust Chain Global With the global supply chain becoming increasingly complex, it's time to revolutionize the way you do business. ...

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Trust Chain Global on LinkedIn: Welcome to Trust Chain Global With the global supply chain becoming increasingly complex, it's time to revolutionize the way you do business. ...

Introducing our newest premier client Full Spectrum!
Read all about them in TrustChains, LLC newest press release.

About Full Spectrum Testing - Full Spectrum provides a broad array of Covid-19 and other testing needs to both clinical and non-clinical organizations and businesses. Spectrum collaborates with clinical practices and various CLIA-ensured labs to give our customers both clinical treatment and testing. Spectrum works with small, medium, and large firms, to deploy FDA/EUA tests. Clients include Netflix, Boys and Girls Club.

Full Spectrum Testing Signs Trust Chain Global as Its Transactional Platform Trust Chain Global is excited to announce Full Spectrum Testing as our new premier client. Using our platform will allow for companies like Full Spect

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Resource management is an important part of every business including the Goverment.

What are some ways to reduce waste, and effectively apply resource management to this issue? Can you solve this problem?

So often human oversite is to blame in improper resource management. If we don’t see the value in something 9 times out of 10 we will not mange the resource very well until it’s difficult to find or gone. Taking our time to “slow down”, check and balance systems to make sure your I’s are dotted and T’s are crossed are just some ways to effectively reduce waste.

More than $10M worth of masks, protective gear left in the rain outside Bay Area event center San Mateo County workers are scrambling to clean up a mess uncovered by the ABC7 I-Team. More than $10 million worth of precious personal protective equipment -- purchased with your tax dollars -- was left outside in the rain.

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Introducing TRUST CHAIN GLOBAL, innovatevly creating a trusted solution to commodity transactions!

We are absolutely so proud right now!
This is only the beginning

Reach out for partnership opportunities.

About Trust Chain Global: Trust Chain is a workflow management solution and a fintech platform that allow parties of the global commodities community to transact faster and safer in a transparent and compliant manner. With built-in continuous identity verification, digital escrow and payments, as well as smart deal management, all parties transact fast and with confidence letting the commodity reach its destination faster. Founded in 2021 by serial entrepreneurs and technologists, Trust Chain Global is dedicated to bringing trust, confidence and transparency to commodities buying and selling through technology.

Trust Chain Global Secures Seed Round Funding With N49P Trust Chain Global, a next generation end-to-end transaction platform for large scale commodities, has secured its seed round with Toronto-based ventu

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CIRCLE NETWORK GROUP INC
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