The Daily Gazette
The Locally Owned Voice Of The Capital Region

Cutting inheritance tax a bad idea in Washington, Albany

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Santa came a little early this year for U.S. citizens, courtesy of the busy elves in Congress. Earlier this year, lawmakers voted to set the 2014 level at which estate taxes kick in from the previous level of just over $1 million to $5.34 million. And if you’re married, that’s $5.34 million for each of you. Gov. Andrew Cuomo has responded to this legislation by recommending the same threshold-raising in our state — up to ...

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