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Americans to Inherit $764 Billion This Year, Mostly Tax-Free

  • Paper proposes revamping estate tax to focus on heirs’ income
  • NYU professor behind report was tax-policy adviser to Obama
Chinese Yuan, Hong Kong Dollar and U.S. Dollar Banknotes
Photographer: Paul Yeung/Bloomberg
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One way the rich get richer is through inheritance, and they’re barely paying taxes on it.