Pennsylvania Inheritance Tax: A $1.2 Billion Burden
By Anthony Hennen | The Center Square (The Center Square) – Pennsylvania created an inheritance tax in 1826 to build a canal connecting Lake Erie to the Ohio and Susquehanna rivers, imposing a 2.5% levy on inheritances that went to those who weren’t direct descendants. Today, the Commonwealth receives about $1.2 billion in revenue with an inheritance tax … Continue reading Pennsylvania Inheritance Tax: A $1.2 Billion Burden
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