Posts Tagged ‘estate taxes will not disappear’

Estate taxes will not disappear

Tuesday, June 17th, 2008

History and economics prove for over 200 years that we will always have this tax. This started in 1797 to build the navy. Looking at our economy and national debt 9 trillion and this years budget deficit projected for 400 billion the cost of repealing the estate tax is close to 100 billion. Do you really think the legislators will walk away from this revenue source.

Currently the tax is supposed to disappear in 2009 only to comeback in its full form in 2010 its pre -2001 tax burden.

Estate planning should not be overlooked. If you are planning to transfer your estate to your family you must plan or your estate will be liquidated at auction.

 
  
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