Quantcast Small Business Loans and Estate Tax | Seattle Washington Estate Law | Estate, Bill, Relief, Business, President, Capital, Jobs
 
 

What Others Are Saying

  • Response to the unsung inventor of Carbon Tax David G Wilson 12 Aug 2014 | 12:37 pm

    This linked with a death tax as proposed by Warren Buffet and Bill Gates Senior , and a Citizens Wage , would I believe set the world into a totally new direction , whilst retaining a competitive Capitalist and more Democratic society that is more ...

  • Same Sex Marriage, Taxes and Winning the Lottery - Huffington ... 12 Aug 2014 | 10:48 am

    Windsor was an estate tax case and where we will see the biggest economic change is when same sex couples go to file their income taxes. Looking strictly from an economic viewpoint, is it a good idea for a same sex couple to get married?

  • Media Watch: 15 Things Americans Would Know if There Were a ... 12 Aug 2014 | 10:16 am

    Take the repeal of the estate tax. In Ohio this was recently repealed by Republicans. The benefit is only realized by people with estates larger than $338,000 (as the first $338k was exempt) and realized most by people with even wealthier ...

  • How To Protect Your Real Estate Assets From Creditors 12 Aug 2014 | 8:26 am

    Doing so places the real estate beyond the reach of your creditors and may also reduce your estate tax liability. The disadvantage of this strategy, however, is that you'll lose all economic interest in and control over the real estate. Further ...

  • Why do I have to pay inheritance tax in Ireland on a cross border ... 12 Aug 2014 | 7:45 am

    Inheritance tax in many jurisdictions outside of Ireland is an Estate tax i.e. the Estate of the Deceased person pays the tax and often the beneficiary has little more to do than wait for their cheque to arrive in the post. In Ireland, however, it is the ...

 
Home Blogs Derek's Tax Blog Small Business Loans and Estate Tax
Written by Derek W. Jensen
Tuesday, 25 May 2010 08:54
Share/Save/Bookmark
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 businesses."

While a small business bill had made progress in the House, its future in the Senate has been tied to an agreement on the estate tax. With the break down in negotiation on the estate tax and no other deal in sight, estate tax relief may have to be delinked from the small business relief bill. The President has characterized the small business relief bill as a jobs creation bill. By doing so, he has made it a priority in order to sustain the economic recovery.

This is another example of the difficulty in advancing an estate tax relief bill within the current political / economic environment. As we approach the middle of the year the likely hood of seeing a compromise seems less and less likely.

Source: “Obama urges passage of small-business bill” by Jay Heflin and Sam Youngman.

 

Locations

Seattle
1833 N 105th St., #301
Seattle, Washington 98133
Phone: (206) 547-1412

Redmond
8201 164th Ave NE Ste 200
Redmond, Washington 98052
Phone: (425) 698-2214

Everett
6320 Evergreen Way, Ste 216
Everett, Washington 98203
Phone: (425) 374-1712

Estate Tax in the News