You are here:
Home / Archives for Congress
0% estate taxes in 2010 … for now, anyway. On January 1, the federal estate tax went away – at least for the time being and perhaps for all of 2010 as envisioned back in 2001. President Obama and Congressional leaders wanted the estate tax to stick around in 2010 at 2009 levels (estate taxes up to 45% with a $3.5 million exemption), but lawmakers were preoccupied with other matters.1,2
Tags: 1 Million, 5 Million, American Institute Of Certified Public Accountants, As American Institute, Bypass trust, Capital Gains, Certified Public Accountants, Congress, Congressional Leaders, Estate Planners, Estate tax in the United States, Federal Estate Tax, federal government, Finance, Gift tax in the United States, Gift Taxes, Good Question, Inheritance, Institute Of Certified Public Accountants, January 1, Law, Lawmakers, Obama, Obama administration, Pete Mitchell, Political economy, Suspense, Tax, Tax haven, Taxation, Taxation in the United States, Tom Ochsenschlager, vice-president for taxation, Washington,United States, Wealthy Families
Quote of the month. “I always have to dream up there against the stars. If I don’t dream I will make it, I won’t even get close.” – Henry J. Kaiser The month in brief. We saw a very pleasant 180º from January. New M&A action, nice corporate profits and the possibility of a rescue [...]
Tags: Asia-Pacific, Bush administration, Conference Board, Congress, Consumer confidence, Consumer Confidence Index, Consumer price index, DAX 30, Dow 30, Econometrics, Economic indicators, energy costs, Europe, Fannie Mae, FTSE 100, Henry J. Kaiser, Inflation, Japan, Kospi, manufacturing increasing, MSCI Emerging Markets, MSCI World, NASDAQ 100, Nikkei 225, PPI, Price index, Price indices, Retail sales, Russia, S&P 500, South Korea, Turkey, University of Michigan, US Federal Reserve
