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Inheritance Tax Enriches State Des Moines Report On Tax Losses
Des Moines reports Iowa gains from collateral inheritance taxes while ignorance of law causes losses. Attorney B J Powers notes revenue from unpaid taxes and accrued interest, with estates aged years showing state liens. He cites foreign heirs paying higher rates and recent amendments reducing interest to 1.6 percent for 18 months. Interest-driven gaps linger as direct inheritance tax yields little revenue due to high exemptions.
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Des Moines
Iowa
B. J. Powers
Attorney General's Office
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Attorney Powers
Powers
America
Netherlands
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