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 | Dec 3, 2010 | Income Tax
The basic message is that inequality has soared. In 1980s, the ratio between the pre-tax income of someone at the 99.99th percentile and someone at the median was quite high: the wealthy household made 62 times as much as the middle-class one. But the ratio has...
by Arthur Geffen | Dec 1, 2010 | Estate Planning, Wills
Only One in Six Younger Americans Have a Will EAGAN, Minn., Dec. 1, 2010 /PRNewswire/ — The majority of Americans don’t have a will, according to a new survey by FindLaw.com, the most popular legal information website. Fifty-five percent of American...
by Arthur Geffen | Nov 30, 2010 | Gift Tax, Gifts
– December is the season of giving, but quirks in the estate tax may prompt some wealthy seniors to be especially generous this year. Without action by Congress, estate taxes are set to spike on January 1 from zero to 55 percent, the highest in a decade....
by Arthur Geffen | Nov 23, 2010 | Income Tax
Daniel Henninger makes a convincing case in favor of the “draft” income tax recommendations issued by President Barack Obama’s deficit commission chairmen (“8-14-23 or Fight!” Wonder Land, Nov. 18 ). A major part of the proposal is...
