Estate Tax At 0% –

The estate tax is at 0% until the end of 2010 and that is creating a great deal of estate planning activity.  Unless Congress takes action the tax will rise to 55% in 2011.  Senators Kyl and Lincoln have proposed a plan that would exempt $10 million from the estate and have a tax rate of 45%. 

To read a related Bloomberg article, please click here:

http://www.bloomberg.com/news/2010-10-07/wealthy-lock-35-u-s-gift-tax-as-time-runs-out-to-avoid-55-estate-levy.html

Jim Sutliff