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Taxation & Estate Planning

: TaxProf Blog

Responsible Estate Estate Tax Includes $3.5m Exemption, 55% Top Rate & 10% Billionaire's Surtax

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Sensators Bernard Sanders (II-VT), Tom Harkin (D-IA), and Sheldon Whitehouse (D-RI) today plan to introduce the Responsible Estate Tax Act, which would provide a $3.5 million exemption, a progressive rate structure, and a 10% surtax on billionaires: Exempts the first $3.5 million of an estate from federal taxation ($7 million...

Full post as published by TaxProf Blog on June 24, 2010 (boomark / email).

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