Tax Update Blog: Permalink

« Previous · Tax Update Blog Home · Next »

ESTATE TAX: 15% AND 30% RATES?

June 08, 2006

Tax Analysts reports that Senator Grassley is working up a new estate tax regime with a $5 million exemption, a 15% rate for estates of $5 million to $30 million, and a 30% rate for estates over $30 million.

The details matter. It's not clear whether these rates will be imposed on the current system, or whether the new rates will be combined with simplification and loophole closers. Given the haste of the negotiations, reform seems unlikely, but I could be surprised.

Links:

Tax Prof Blog roundup of current estate tax reporting

Tax Analysts permanent $link

      Bookmark: del.icio.us • Digg • reddit