From The Washington Post:
The House voted Thursday to permanently extend a 45% inheritance tax on estates larger than $3.5 million, canceling a one-year repeal of the tax set to begin next month.
A similar effort is afoot in the Senate, but the health care debate there could preclude action on the estate tax before Congress breaks [...]
Tags: Estate Tax
Howard Gleckman of TaxVox wrote a blog post last week titled Throw Momma from the Train and said this:
There may be no provision in tax law more bizarre than the estate tax. In just a year and a few days, on Jan. 1, 2010, the levy will expire and estates of any size will be passed [...]
Tags: Estate Tax · Tax Humor · Tax Policy
Jim Abrams of The Washington Post reports that the tax policy advocacy group, Citizens for Tax Justice (CTJ), oppose President-elect Obama’s plan to cut (but not eliminate) the estate tax:
President-elect Barack Obama has proposed a change that would prevent the estate tax from disappearing in 2010, but which would also unnecessarily cut the estate tax below [...]
Tags: Estate Tax · Opinion · Tax Policy
Wall Street Journal – Taxes Blog
