Friday, November 11, 2011
FEDERAL ESTATE TAX FIVE MILLION DOLLAR EXCLUSION.
The Federal Estate Tax has a Five Million Dollar Exclusion which is soon to expire. The Five Million Dollar Exclusion is the result of an Estate Tax Compromise. It expires soon. The Federal Government should extend the Estate Tax Compromise of the Five Million Dollar Exclusion for another additional five years. That way, an Estate (or a Gift) of less than five million dollars would not be subject to paying an Estate Tax nor a Gift Tax. Let's extend that tax cut compromise for another five years. Kenneth Stepp.