5 Minute Focus: Will Pennsylvania Continue to Impose an Inheritance Tax?
Apr 19, 2022•5 min•Ep. 11
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Episode description
Get caught up to date on the discussions of the inheritance tax and it's impact on citizens in Pennsylvania. Today, the Commonwealth receives about $1.2 billion in revenue with an inheritance tax that ranges from 4.5% to 15% and affects all inherited wealth. Pennsylvania is one of only six states that still has an inheritance tax, and with no exclusions that limit when the tax is applied.
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