As Republicans and Democrats work toward a compromise on income tax cuts, another controversial tax — the estate tax on inherited property — hangs in the balance. A repeal of the 55% tax on estates worth at least $1 million is set to expire at the end of the year.
Continue reading How the Tax-Cut Compromise Will Impact Inheritance
How the Tax-Cut Compromise Will Impact Inheritance originally appeared on DailyFinance on Tue, 07 Dec 2010 06:30:00.
Filed Under: Economy, People, Real Estate, Taxes