Blogs
Written by Derek W. Jensen
Since George Steinbrenner's death, I have been trying to pull some common themes from the news on the estate tax. His death definitely attracted some national attention to the estate tax issue. The closest thing to a consensus I could sense was that the Boss got away with one. I take this reaction as a negative for the prospect of increasing the exemption next year above $1 million. The...
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Wednesday, 01 September 2010 08:50
It’s official: Taxes, including the estate tax, are going to be a huge campaign issue this fall.Since George Steinbrenner's death, I have been trying to pull some common themes from the news on the estate tax. His death definitely attracted some national attention to the estate tax issue. The closest thing to a consensus I could sense was that the Boss got away with one. I take this reaction as a negative for the prospect of increasing the exemption next year above $1 million. The...
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Written by Derek W. Jensen
Mr. Steinbrenner will be remembered for his contributions to baseball at tonight's All-Star Game. Yankee fans we are relieved knowing that the team will not have to be sold to pay the Federal Estate Tax. Since Mr. Steinbreener residing in Florida, his estate will also avoid the New York Estate Tax.
However, for others his...
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Tuesday, 13 July 2010 08:26
George Steinbrenner joins Dan Duncan, Mary Janet Morse Cargill, and Walter Shorenstein as the U.S. billionaires who have died in 2010 free of the Federal Estate Tax.Mr. Steinbrenner will be remembered for his contributions to baseball at tonight's All-Star Game. Yankee fans we are relieved knowing that the team will not have to be sold to pay the Federal Estate Tax. Since Mr. Steinbreener residing in Florida, his estate will also avoid the New York Estate Tax.
However, for others his...
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Written by Derek W. Jensen
However, this bill may be more about making a political point than seriously offering a resolution to the estate tax drama. Consider:The bill was introduced 2 weeks after a New York Times article on how "A Texas pipeline tycoon who died two months ago may become the first American billionaire allowed to pass his fortune to his children and...
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Thursday, 24 June 2010 10:31
Sen. Bernie Sanders (I-Vt.) introduced legislation today to restore the estate tax. It includes a shockingly high maximum rate of 65%. See article.However, this bill may be more about making a political point than seriously offering a resolution to the estate tax drama. Consider:The bill was introduced 2 weeks after a New York Times article on how "A Texas pipeline tycoon who died two months ago may become the first American billionaire allowed to pass his fortune to his children and...
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Written by Derek W. Jensen
President Obama on Tuesday pressed congress to pass a small business relief bill. The President stated, "This legislation should ensure that credit-worthy small businesses owners can get the capital they need to expand and create jobs. It should include needed tax relief, like our proposal to completely eliminate capital gains taxes for those making key long-term investments in small...
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Tuesday, 25 May 2010 08:54
In the struggle over priorities, it appears that estate tax relief has hit another road block.President Obama on Tuesday pressed congress to pass a small business relief bill. The President stated, "This legislation should ensure that credit-worthy small businesses owners can get the capital they need to expand and create jobs. It should include needed tax relief, like our proposal to completely eliminate capital gains taxes for those making key long-term investments in small...
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Written by Derek W. Jensen
Taxes are hitting the news everywhere and not just because your tax return is due this week.Tax Freedom Day comes early: "Tax Freedom Day: Real Or Imagined?" Fox Business asks, "2009 Tax Season: Last Good Year for High-Earning Americans?"Paul Volker thinks taxes should be raised: "Volcker: Taxes likely to rise eventually to tame deficit"Bernanke thinks taxes may have to be raised: "Federal Reserve Chairman Ben Bernanke sounds a warning on growing deficit" and "US faces...
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Tuesday, 13 April 2010 08:16
YES! So get ready.Taxes are hitting the news everywhere and not just because your tax return is due this week.Tax Freedom Day comes early: "Tax Freedom Day: Real Or Imagined?" Fox Business asks, "2009 Tax Season: Last Good Year for High-Earning Americans?"Paul Volker thinks taxes should be raised: "Volcker: Taxes likely to rise eventually to tame deficit"Bernanke thinks taxes may have to be raised: "Federal Reserve Chairman Ben Bernanke sounds a warning on growing deficit" and "US faces...
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