Still no action on the estate tax
As anyone who has followed my blog knows, on January 1, 2010, the federal estate tax is repealed for one year and one year only, after which it comes back into effect, at a lower exemption ($1,000,000) and a higher rate (55%) than before.
Congress knew that this has been coming since 2001, and yet has continued to procrastinate.
As I've said before, tick tock, Congress.
