Wednesday, February 6, 2013
Even though the fiscal-cliff compromise kept the federal estate tax exemption at bay, many state governments are imposing estate or inheritance taxes on amounts lesser than the federal $5.5 million. Estate tax revenue is more important than ever to keep many government programs running. Please click here to see what some of the states are doing with their state estate tax.
See Dan Caplinger, Estate Tax is Alive and Well, and States Are Dying for the Revenue, The Tax Center, Feb. 4, 2013.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.