Friday, April 15, 2005

Prediction on Estate Tax in Senate

The Kiplinger Letter today predicts that Senate Republicans will not have the votes to abolish the estate tax as in the House. They predict a compromise that would end the tax for most individual estates. They expect the Senate to approve an increase in the exemption to somewhere between $5 million and $10 million and decrease the maximum tax rate to 25% sometime this year or next.


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