Monday, December 6, 2010

Movement on the Federal Estate Tax

Word out of Washington, D.C. tonight points to a deal on the Bush Era tax cuts, and finally resolution on the federal estate tax. If the proposed plan is signed into law, were are looking at a federal exemption of $5 million per person ( of $10 million per couple). Any amount in excess of the exemption would be taxed at 35%. This is a proposal and not yet law...keep monitoring for more information.

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