Under current law, your estate escapes Rhode Island’s estate tax — also known as the death tax — if its overall value is $675,000 or less.
Starting Jan. 1, 2010, the threshold jumps to $850,000, said Michael F. Canole, the Rhode Island Division of Taxation’s chief of examinations. Thus, fewer estates will wind up subject to the tax.
Great...another tax break for the elite while working people take pay cuts.
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