The Future Of Transfer Taxes (With A Democrat Controlled Congress And White House)

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For a view on what may happen to federal estate and gift taxes should President Obama be reelected and the Democrats win enough seats in Congress, tax a look at the recently introduced “Sensible Estate Tax Act of 2011.” A wish list of tax increases, the Act proposes:

• raising the maximum estate and gift tax rate, and the GST rate to 55%...

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