Saturday, October 6, 2012
According to members of Congress who are directly involved in the discussion on the status of the estate tax, it is unlikely that either President Obama for Governor Romney's administration will repeal the estate tax. However, as I have previously discussed, the outcome of the election could determine the exemption and the tax rate. I am providing a link to this blog below. that provides a audio recording of Senator Chuck Grassley discussing the various rates and the likelihood that Congress will adopt that tax rate.
See Rick Shields, Death Tax Repeal Unlikely, WHTC, Sept. 26, 2012.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.