by Arthur Geffen | Dec 15, 2010 | Estate Tax
The basic insight behind the estate tax is that wealth concentration is a problem. That was true in 1916, when the tax was enacted, and it’s true today, when it’s being neutered. As Ray Madoff explains, the going theory came from Louis Brandeis, who...
by Arthur Geffen | Dec 14, 2010 | Estate Tax
(Reuters) – A senior Democratic aide said on Tuesday it is unclear if there is enough support among Democrats in the U.S. House of Representatives to change the estate tax provision in the sweeping Senate tax bill. Estate tax fight in House may sputter:...
by Arthur Geffen | Dec 13, 2010 | Estate Tax
Ever since the 2001 tax act passed (discussed here), with its built-in increase of the tax-free amount to $3.5 million by 2009, and repeal of the estate tax in 2010, only to be followed by reinstatement of a $1 million tax-free amount in 2011, we knew that...
by Arthur Geffen | Dec 9, 2010 | Estate Tax, Income Tax
If one compares the tax compromises effect to the current policy–assuming that the Bush Tax cuts. the AMT, the Estate Tax at Obama-supported levels, current tax credits, etc., are extended–then one gets another read on the impact of the...
by Arthur Geffen | Dec 6, 2010 | Estate Tax
Overlooked in the brawl over expiring Bush-era tax rates is what will happen to the death tax. Without action in the lame duck Congress, the estate tax will rise from the dead on January 1 with a vengeance, the rate climbing back to 55% from zero this year. The...
by Arthur Geffen | Oct 21, 2010 | Estate Tax, Gift Tax, Income Tax
“No one knows what will happen come Jan. 1,” said Brittney B. Saks, personal financial services partner with PricewaterhouseCoopers private company services in Chicago. She advised taxpayers to do detailed studies of their personal finances and objectives and...
