Tag Archives: death tax

From the edge of the cliff

04 Jan

I think it’s generally a bad idea to react in fear.  And, I don’t like legislation that results from congressionally-created crisis.  That being said, the so-called fiscal cliff has been navigated.  We have new tax laws. There are changes to taxable rates for income and capital gains, yes.  My focus, of course, is on the […]

The Estate Tax is the Sticking Point

09 Dec

The estate tax is the sticking point.  So say the pundits this Wednesday morning, December the 8th.  The proposal accepted by President Obama, which keeps personal tax rates at their current level, sets the death (estate) tax lifetime exclusion at $5 million.  Estates passing more than that in asset value would have to pay 35% […]