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By admin on January 11, 2013
Imagine…Bank of America, Ford Motor Company and McDonalds forced to pay 40% of their value in estate tax every 40 or 50 years. The army of lobbyists that would show up on the steps of the U.S. Capitol. The outrage American people would have at our government collecting such a tax from companies just because enough time [...]
By ASSET on January 3, 2013
At the 12th hour, not even the 11th, Congress passed and the President signed HR8, the Taxpayer Relief Act that effectively raised the estate tax to a rate of 40% and kept the exemption level of $5 million but indexed it. Small business and farms are OK then, right? Not really. Death is not an economic event. [...]
Posted in Blog | Tagged americans standing for the simplification of the estate tax, estate tax, fiscal cliff | Leave a response