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Estate Tax and The Fiscal Cliff.

The estate-tax rate is currently 35 percent on estates valued at $5 million or more. But if the United States goes over the fiscal cliff, the rate jumps to 55 percent. More importantly, the exemption drops from $5 million to $1 million – ensnaring tens of thousands of additional taxpayers in the tax.

1 Comment to Estate Tax and The Fiscal Cliff.:

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Professional Contractor Accountants on Thursday, December 20, 2012 3:36 AM
I became aware with the news that "United States goes over the fiscal cliff".This blog is quite significant.Thanks for posting an informative blog post.
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