You may have read that inaction by Congress is creating a lot
of uncertainty about the future of the estate tax. Unlike the
income tax, which is based on a year’s worth of activity, the
federal estate tax is based on a snapshot – the value of a person’s
estate at the date of his or her death. Unless Congress
acts, we are headed from having no federal estate tax in 2010 back
to taxing estates larger than $1 million, just like in 2002.
And, instead of the 2002 top rate of 50% on this...Read More »
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