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Taxes may not be the most exciting financial topic, but they're definitely important.
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Taxes may not be the most exciting financial topic, but they're definitely important.
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Tax Matters Associates : Does Your Work Environment Help or Harm You? - Cerini - You often hear the terms estate tax and inheritance tax used interchangeably, but the two taxes are not the same.. Here's a quick guide to help you determine what you'll be liable for. Understanding your taxes and preparing your returns can be enough of a hassle as it is, without having to pay for a professional tax adviser as well. And if you're reading this article, you're probably curious to know what exactly you're paying for. You often hear the terms estate tax and inheritance tax used interchangeably, but the two taxes are not the same. In the united states, federal and state governments need money to provide certain services and benefits that we wouldn't otherwise have access to, from so.
Estate tax is collected by the federal government, while inheritance tax is state imposed tax matter. A tax collector may not be a friend to all but someone has to do the job.