On Jan. 1, 2013, the estate tax is set to climb to as high as 55
percent — among the highest in the world economy — with
the exclusion rate dropping to just $1 million, making 2013 a bad year
to die for small businesses owners and the wealthy.
The estate tax — often called the death tax — had been on the decline
due to the Bush tax cuts, even reaching zero in 2010. Since then, it
has risen back to 35 percent, with an $5 million exclusion, where it
remains today.
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2 comments:
if ur dead why do we still have to pay taxes????
families have to pay the tax before they receive the money
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