g5000
Diamond Member
- Nov 26, 2011
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Next week, all or part of that half-trillion in taxes is going into effect, including the Obama death tax. Just think of those family farms whose owners pass away in the new year. With Obama blocking reform, rates will return to 55% of assets over $1 million (in addition to whatever state death taxes are due).
This is incorrect.
The estate tax is rising from a top rate of 35% to a top rate of 40%. And the first $5 million is exempt.