Mr. George Steinbrenner, who owned NY Yankees and other enterprises passed away in 2010. His estate will pay no tax in 2010. It is the best year to pass away from Estate tax perspective. The questions are these:
Q1: Should the Estate Tax exemption start at 3M$ or 2 M$, or 1M$ and so the wealthy people whose estates exceed exemption limit pay 45% tax or more on their estate ?
Q2: Should the Estate Tax revert to 2009 Tax law?
Q3: Should the new estate tax rate be made retroactive to 2010? So, Mr. Steinbrernner's Estate pays the retroactive Estate tax ?
What are your thought and comments on current Estate Taxes ? What should the Newly Elected congress do for 2011 ?
No comments:
Post a Comment