But the tax law, as President Trump said when he signed it way back in December 2017, “it makes the vast majority of family farms and small businesses exempt from the estate tax.”
Although one expert says under the old law, very few people were subject to the estate tax. Iowa State University tax expert Kristine Tidgren says under the previous law, you could die owning property worth up to 5.6 million dollars and still not owe federal estate tax.
And under the new law, “you can die with eleven point two million dollars in property and your estate will not owe any estate tax on that amount.” So as Tidgren says, “it's going to pretty much eliminate the concern about estate tax.”
Now back to the question. Who said nothing could be said to be certain, but death and taxes? You're right. Benjamin Franklin.