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Posts Tagged ‘history’

Wars and Legacies: A Brief History of Estate Taxes

A brief history of estate taxes reads like this: The ancient Egyptians levied duties on property transferred at death. So did the Romans 2,000 years ago, and so did feudal Europe. In our country, similar fees came due intermittently almost from the beginning, and the estate tax in its present form is 99 years old. But a closer look at the history of estate duties in the United States reveals […]

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Merchants, Slaves, Peculium: The History of LLCs

The other day, a friend asked me about the history of Limited Liability Companies (LLCs.) I shared with her what little I could off the top of my head: That they have only become popular in this country over the last couple of decades, that the first LLC statute was passed in Wyoming in the late 70s, and that other countries, such as the German speaking ones, have had some […]

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