Posted on February 3, 2010 by David Shulman

Obama's Budget Proposal Reinstates Estate Tax at 2009 levels

President Obama released his 2011 proposed budget yesterday.  In it, the estate tax will be returned to the 2009 levels of a $3.5 million exemption and a 45% rate.  Of course, a budget proposal is just that.  

Stay tuned

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Dan Woodard, MD - March 25, 2010 9:44 AM

Good, this tax cut for the rich has cost us hundreds of billions in deficits without stimulating any economic growth. Why in heaven's name should a rich kid get a million dollars tax free when a poor kid has to work for every dollar and pay taxes if he needs to buy a pair of shoes? The rich kids of Florida have been getting a free ride, and it's high time they started pulling their weight.

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