Word: taxless
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Dates: during 1960-1969
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...income-taxless 1901, Andrew Carnegie sold his vast steel empire...
...century U.S. estate taxes: $253,869.44-less than 0.2% of the amount that Astor could not take with him. How did Testator Astor do it? It seemed, under New York State and federal inheritance statutes, kind of easy: he left about $61.5 million to his wife Brooke as a taxless widow's mite. $60.5 million to the Vincent Astor Foundation and sev eral much smaller charities (also untaxable). Some $5,000,000 went to pay o"f debts, all taxes, administration expenses and lawyers. All that was left to tax was some $775,000, out of which the federal...
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