Estate Tax Update – Senate Agreement Falls Apart

Talks between Senate Democrats and Republicans on an estate tax proposal have fallen apart.  So, we still have no estate tax for this year and for next year, estates over $1 million will be subject to the estate tax at graduated rates starting at 41% and capping off at  60%.

For more on this subject as well as info on the progress in the House, clink on the link below:

http://thehill.com/blogs/on-the-money/domestic-taxes/98433-kyl-senate-deal-off-on-estate-tax-

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