Friday, February 26, 2010
Taxing Family Foundations to Lower Future Estate Tax Levels?
Undisclosed sources have indicated that Senators Kyl (R-Ariz.) and Lincoln (D-Ark.) are considering a "toll charge" on family foundations to pay for reinstating the estate tax in 2011 at levels lower than those in place in 2009.
See Jay Heflin, Bill Gates, other super rich may pay price for estate tax fix, The Hill, Feb. 2, 2010.
Special thanks to Stan Foster (attorney, Seattle) for bringing this to my attention.
https://lawprofessors.typepad.com/trusts_estates_prof/2010/02/taxing-family-foundations-to-lower-future-estate-tax-levels.html