Death Should Not Be Taxable
From John Hood's Daily Journal:
RALEIGH – Death should not be a taxable event in North Carolina.
As I have previously written, a costly element in the proposed state tax increases over the next two years involves the reimposition of an estate tax. According to the American Family Business Institute, North Carolina is one of 20 states that still imposes a tax on estates. We used to levy an inheritance tax, which technically hit up recipients of an estate, but that was junked in 1998 when the General Assembly enacted an estate tax instead.
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