The Estate Tax Will Not Dissappear Under Obama
Posted on January 15th, 2009 by Roy Newman
The Wall Street Journal is reporting that Barack Obama will block the disappearance of the estate tax in 2010. It is being reported that the Senate Finance Committee will reverse the rollbacks that were being phased in slowly since 2001. As reported earlier on this blog, the Obama campaign plan would exempt estates worth up to $3.5 million with the remainder taxed at 45%. The majority of estates – up to 98% - will pass without being taxed.
Filed under: Estate Tax
