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Bull Trader USA

U.S. Natural Gas Producers Face Billions In Hedging Losses In 2022

The Fiscal Times

Estate Tax Revenue Plunges, Even as Wealth Soars

Revenues from the federal estate tax have fallen by 50% in just two years, according to new data from the IRS reported by Blomberg News. In 2018, about 5,500 families paid more than $20 billion in estate taxes. In 2020, the IRS collected about $9.3 billion from 1,275 families. “The dramatic decline – to the point where the tax is paid by 0.04% of dying Americans – is largely the result of the tax overhaul enacted by Republicans in 2017, which doubled the amount the wealthy can pass to heirs with

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