ADVERTISEMENT



Google       

Home -> Law Blog Directory -> Estate Planning Blogs -> North Carolina Estate Planning Blog

OR PHONE (866) 635-1838 for Bankruptcy Help, (866) 635-6190 for Divorce,
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense

Find a Local Lawyer

Bankruptcy (866) 635-1838
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402

Bookmark

Estate Planning

: North Carolina Estate Planning Blog

Obama Wants to Keep the $3.5 Million Estate Tax Exemption

By Gregory Herman-Giddens

ADVERTISEMENTS

Today's Wall Street Journal has an article on the latest buzz on what the Democrats would like to do with the federal estate tax.  This summary is courtesy of Stephen Bigge, CPA:

-- President-Elect Obama and Democratic Congressional leadership are making a push to keep the estate tax in place before its repeal in 2010.
 
-- President-Elect Obama would like to permanently keep the estate tax exemption and estate tax rate at their current amounts (i.e. $3.5M exemption/45% estate tax rate).
 
-- Small-business owners, ranchers and farmers are still trying to make a push to repeal the estate tax, but are willing to compromise if the exemption is high enough or other concessions are made (e.g. bringing back the QFOBI deduction, increasing the Section 2032A special use valuation).
 
-- Sen. Max Baucus (D-Mont.) has been quoted as saying that he would like to have a permanent estate tax reform bill before Congress sometime within the "next few weeks" (separate from the economic stimulus bill).
 

Full post as published by North Carolina Estate Planning Blog on January 12, 2009 (boomark / email).

Bloggers, promote your law blog by nominating your blog for inclusion in USLaw.com's Law Blog Directory and RSS Reader. Benefits described.
Related Law Articles

Is Obama a Natural Born Citien?
Philip J. Berg, Esquire vs. Barack Hussein Obama, a/k/a Barry Soetoro, a/k/a Barry Obama, a/k/a Barack Dunham, a/k/a Barry Dunham, et al

Real Estate Brokers
Questions home sellers should ask potential brokers

Real Estate Brokers
The role brokersplay

Estate Planning
Documents: durable power of attorney, living will, letter of instruction, and insurance trust

Lawsuits and Settlements

Wrestler Estate
Family of pro wrestler settle multi million dollar estate lawsuit.

Estate of Seth Tobias
$25 million estate to be split as part of settlement.

Estate Planners Face Elder Abuse Class Action
California Estate Planners Face Elder Abuse Class Action

Killer Heir
Estate of Fred Keller pays $40 million settlement.

Couple Awarded Nearly One Million Dollars in Lawsuit
Condo Lawsuit Gets $1 Million Award

$33 Million Awarded to Boy Injured by Drunken Driver
Drunk Driver To Pay $33 Million to Injured Friend

Related Searches

























































































































US Law
#1 Online Legal Resource













Your Blog Subscriptions
Subscribe to blogs

10,000+ Law Job Listings
Lawyer . Police . Paralegal . Etc
Earn a law-related degree
Are you the author of this blog? Adding USLaw.com to your Blogroll increases relevance. You qualify to display a USLaw Network badge.
Suggest changes to this blog's description or nominate another for inclusion. Register for updates.


Practice Area
Zip Code:

Contact a Lawyer Now!






0.0023 secs (from cache 10/31/26 11:40:49)