Estate Taxes: Obama and McCain talk about 2010
The “death tax” debate is part of this year’s presidential campaign. According to CNN, both candidates will work to make estate taxes return after the 2010 repeal. You might recall that exemptions are increasing in 2009, to $3.5 million and a 45% rate before the estate tax goes away completely in 2010. And if nothing [...]
September 29, 2008
• Tags: 2010, 2011, estate tax, mccain, obama • Posted in: Uncategorized • No Comments
Changes in Estate Law in 2010
In 2001 Congress passed a sweeping tax reform bill that includes changes to estate taxation. Estate tax is repealed in 2010, but due to budget constraints Congress only ended the tax for one year. Unless further legislation is passed, estate tax will return in 2011. This makes estate planning all the more difficult - and [...]