Uncle Sam giveth and then tries to take away. At the beginning of 2013, Congress set the current estate tax exemption at $5,250,000 per person ($10,500,000 per married couple). Now, President Obama, in his latest budget proposal, seeks to DECREASE that exemption to $3,500,000 and raise the top estate tax rate from 40% to 45%! (Why am I not surprised?). Read the story, here:
http://www.washingtontimes.com/news/2013/apr/10/obama-budget-resurrects-estate-tax/
Thursday, April 11, 2013
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