Monday, June 08, 2009

Bad economy may blunt effort to ease death taxes | Rhode Island news | projo.com | The Providence Journal

Bad economy may blunt effort to ease death taxes | Rhode Island news | projo.com | The Providence Journal: "PROVIDENCE — If a Massachusetts resident dies leaving behind real estate, savings and other assets worth, say, $750,000, there is no tax due.

If a Connecticut resident leaves the same-size estate, there is no tax due.

But if a Rhode Islander leaves a $750,000 estate, the state may claim the first $20,400 in taxes; heirs and other beneficiaries receive the remainder."

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