November 11, 2016

Federal estate and gift taxes collected during fiscal year 2016 (12 months that ended 9/30/16) were just $21.4 billion, less than two-thirds of 1% of the $3.267 trillion of tax receipts collected during the period.  Total individual income taxes collected (1040's) were $1.546 trillion, its largest total ever and more than 5 times the size of the $300 billion of corporate taxes collected (source: Treasury Department)

Nova Wealth Management located in the Naples / Bonita Springs

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