House Bill on Estate Tax as of 12/4/09
By Ron Cohen, CPA, MST
Greenstein, Rogoff, Olsen & Co., LLP
The House bill exempts the first $3.5 million of an estate, or $7 million for married couples, and taxes inherited wealth above that at 45%.
The House bill would add $233 billion to the deficit over 10 years.
Please see the link below for more information on this bill.
If you have any questions or comments, please call GROCO at 510 797 8661.