Here are links to some of the articles:
The Wall Street Journal (subscription required)
Friday, April 03, 2009
U.S. Senate Proposes Lowering the Estate Tax
There are several articles this morning reporting that the Senate passed an amendment to lower the estate tax. The amendment raises the estate tax exemption amount to $5 million ($10 million for a married couple) and lowers the maximum tax rate to 35%. While this is non-binding legislation, it does set the tone.
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3 comments:
Good information to have.
I hope this legislation sets a precedence. I'd hate to see the exemption decrease or the rate increase. This money has already been taxed once.
Informative articles and interesting to see where this legislation is headed long term.
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