Estate Tax Hearing in Maryland: Helping Small Business
Annapolis MD – Few people took notice outside of the hearing room, but the Maryland General Assembly Ways & Means Committee had a meeting this week on MD House bill 722 to help Qualified Family Owned Businesses with the estate tax. This was scheduled to gather input for the summer study requested by Chair Sheila [...]
Estate Tax Proposals: Let’s Get Cookin’ on a Recipe for Estate Tax Reform in Tax Reform
Washington DC – People are getting nervous inside the beltway and members of Congress are anxious to take action. That wait won’t be long now. Speaker Boehner and Leader Reid are closer to bringing both Chambers together for a vote on the debt ceiling and an agreement on reopening the government within the time frame [...]
In Estate Tax News ASSET Offers The Possible
The ASSET change in how an estate tax is collected preserves U.S. jobs, eliminates death as a taxable occurrence and makes it more attractive to pay an estate tax than to pay to avoid it. From 1960 to 2009, the estate and gift tax raised just 1.2% of all IRS revenue, but has caused a [...]
A Short & Simple Approach
The problem with the current estate tax: Up to 22,000 Farms, 14,000 real estate partnerships, 29,000 privately held corporations and 170,000 total households will be susceptible to estate taxes in 2011 (Duquesne: Prof. Antony Davies) The ASSET Solution The ASSET proposal is based on permitting the capital gains tax on estate assets of wealthy taxpayers [...]
21: Good for Blackjack, Not to Gamble You Will Die
Current Estate Tax provisions Expire in 21 Months We just returned from meetings in Las Vegas, Nevada, and we can’t help but make the comparison between everyone that’s hoping to hit 21 at the tables, and people hoping they will die within the next 21 months before the estate tax returns to historic levels crushing [...]
Forbes: Federal Estate Tax Still Headed in the Wrong Direction
Forbes is reporting on the state of affairs on Capitol Hill for the estate tax. We have 11 months before we see a return to the much higher rates. The author Matthew Campione is suggesting how hopeful he is that there will be a negotiation to preserve the lower rates, but we know with an election [...]