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.

Here are links to some of the articles:
The Wall Street Journal (subscription required)


Anonymous said...

Good information to have.

Brent said...

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.

Anonymous said...

Informative articles and interesting to see where this legislation is headed long term.