The Daily Gazette
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Estate tax proposals draw support locally

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Supporters of a proposal to raise New York’s estate tax threshold above $1 million say it would help thousands of homeowners, farmers and small business owners — not just the super-wealthy. Gov. Andrew Cuomo wants to raise New York’s exemption threshold on estate taxes from $1 million to the federal level of $5.25 million. He also would reduce the tax rate from 16 percent to 10 percent over four years. Opponents have said Cuomo’s estate ...

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