Estate Tax | featured news

How to minimize estate taxes, even if you’re not rich

How to minimize estate taxes, even if you’re not rich

It’s easy to gripe about the rich manipulating the rules to lower their tax rates, but sometimes it’s better to simply borrow a few pages from their playbook. Although finagling a low tax rate on income — as Warren Buffett talks freely about — is difficult for regular salaried workers, there’s another area where modest taxpayers have something to learn from the wealthy: minimizing estate taxes.

 

Tax-cut and stimulus package expected to pass Thursday in House

Tax-cut and stimulus package expected to pass Thursday in House

Liberals in the House have forced a vote on a different version of the estate tax provision. They also protest the terms of debate on the tax-cut bill, demanding a separate vote so they can voice opposition.

 

Family Swindled By Madoff Fights $61 Million IRS Bill

Family Swindled By Madoff Fights $61 Million IRS Bill

Estate tax battle is latest hit for heirs of real estate tycoon Norman F. Levy.

 

House votes to cancel estate tax repeal

The bill passed, 225 to 200, with 26 Democrats joining all Republicans present to vote no. It would make permanent the current estate tax rate of 45 percent, with an exemption of $3.5 million per individual. If Congress does not act, the estate tax would disappear altogether in 2010, then return in 2011 under the higher rates -- 55 percent and a $1 million exemption -- that existed before President George W. Bush took office.

 

Subscribe to this RSS topic: Syndicate content