Wall St. Journal: “Without Congressional action, [the death tax] returns with a 55% rate vengeance in 26 days. Without action in the lame duck Congress, the estate tax will rise from the dead on January 1 with a vengeance, the rate climbing back to 55% from zero this year. The exemption amount will revert to a miserly $1 million, unindexed for inflation, so more middle class taxpayers will get hit year after year.”
The Walking Death Tax
By On the Net|2011-05-19T09:45:27-07:00December 6th, 2010|
About the Author: On the Net
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