Taxation & Estate Planning

Estate Tax Compromise ? UPDATE

By michael

See that post just below this one?  The one about the possible estate tax compromise?  Yeah…  Never mind.

Sounds like Mr. Reid just trimmed down that jobs bill from $85 to $15 billion:

The extenders that were removed include billions of dollars for research and development and a GOP priority to trim down the estate tax — which is set at zero now but will jump to a whopping 55 percent in 2011 on estates worth $1 million or more. 

“We’ll deal with those other provisions soon and throughout the year,” the aide said.

We’ll see about that…

Full post as published by The Ohio Trust & Estate Blog on February 12, 2010 (boomark / email).