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ESTATE TAX TO OUTLIVE KPMG?
June 22, 2005
The Wall Street Journal also reports that a compromise that would enable the estate tax to survive, but increase the exemption to $3 million, may be imminent:
According to aides close to the Senate talks, Republican and Democratic negotiators so far have agreed to dramatically and permanently lower the estate-tax rate beyond 2010 and boost the amount per person that is exempt from taxes to more than $3 million. By contrast, the personal exemption was $1 million in 2001, and this year is $1.5 million.
I wonder what crow tastes like?
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