When was the first Estate tax law enacted?

Question

I know we are debating the current form of the bill that increases the amount one can pass on tax free from 2 million (for couples) to 10 million. and decreases the rate at which the rest gets taxed.

But when was the current system adopted? How much inflation has occured since then? the 2 million figure, how much would that be in todays dollars?

Answer 1

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