Obama wants to raise the rate to 45 per cent after a $3.5 million exemption. If the Bush rates are allowed to expire and Congress does nothing, the rate will shoot up next year to the pre-Bush levels of 55 per cent after a $1 million exemption.
Obama wants to raise the rate to 45 per cent after a $3.5 million exemption. If the Bush rates are allowed to expire and Congress does nothing, the rate will shoot up next year to the pre-Bush levels of 55 per cent after a $1 million exemption.