California Estate Planning Blog by Kevin Staker

November 29, 2010

Good Analysis from Bloomberg on Impact of Various Estate Tax Exemptions, Also Points Out How Estate Tax Not Being Discussed

Filed under: estate tax,Kevin Staker — Kevin Staker @ 4:55 pm
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Good analysis at Bloomberg.com on the status of the estate tax.  Speaks of how none of the alternatives currently has the 60 votes needed.  Hence, I believe confirms my opinion nothing will happen.  Hence, likely we will at least start 2011 with an estate tax with only a $1 million exemption.  A good quote:

The federal levy on estates is set to increase the most of all as tax cuts expire Jan. 1, jumping from zero to 55 percent for fortunes worth more than $1 million at death. President Barack Obama and Democrats in Congress barely mention it as they spar with Republicans over whether to keep income-tax reductions for top earners.

By Kevin Staker

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