Some lawmakers want to overhaul the 's estate tax, which is the only one in the nation that kicks in on fortunes worth as little as $1 million.
To put that in perspective, if a high net worth individual dies in New York state, to their heirs completely tax free.
A group of 10 Oregon Republicans are sponsoring a bill that would lift the tax exemption up to $7 million estates, much like New York. Any dollars past that amount would be taxed at a flat 7 percent, according to .
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