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  • Democrats for Rich Heirs???

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    July 9th, 2009WandaUncategorized

    the Senate is considering what to do about the estate tax. It is scheduled to be abolished next year, in one of several landmines the Bush administration set to go off after it left town. Obama proposes to reinstate the tax, at a 45 percent rate, on estates worth more than $3.5 million. Since there’s no tax on what you leave to your spouse, married couples could pass on $7 million before needing to pay a dollar — or needing to consult a lawyer who can use loopholes to save millions more.

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