Posts Tagged ‘ Barack Obama ’

Federal Estate and Gift Tax Rules for 2013, Including Examples

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By passing the American Taxpayer Relief Act of 2012 (“ATRA”), President Obama and Congress have agreed on a first step towards solving our fiscal cliff problem.  While neither Democrats or Republicans seem overly “happy” with the new law, their compromise has created a level of stability in federal transfer taxes unseen in well over a…

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Obama and GOP Agree on Estate Tax: Winners and Losers

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Last night, President Obama and leading Republicans came to an agreement to reinstate the estate tax in 2011 and 2012. The agreement exempts an individual’s first $5 million from the tax, and above that amount, the rate maximizes at 35%.  Read more...

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