Archive for Estate Tax
What will happen to the estate tax?
The expiration of the Bush tax cuts is rapidly approaching. Disagreement in Congress over which taxes should go up and which should stay down threaten to paralyze the process. A new possible clogging issue is beginning to emerge in the Senate, the estate tax. The estate tax has changed dramatically over the past decade. The [...]
Looking Ahead: Estate Tax in 2011
The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), the act more commonly called the “Bush tax cuts”, instituted gradual sweeping changes to the rules governing estate tax in the United States. From 2001 to 2009, the rate of estate tax decreased incrementally from 55% to 45%, and the unified credit exclusion—the amount [...]