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  • Dominant and Diabolical Dynasties | Dirt Diggers Digest 24 Jul 2014 | 7:25 pm

    As Secretary of the Treasury in the 1920s he unabashedly pushed for reductions in income and estate tax rates, even though as one of the country's richest men he had a great deal to gain personally from those cuts. Aside from the questions ...

  • Appraiser Workshops: New Estate Tax Legislation??? 24 Jul 2014 | 2:30 pm

    Investment News ran an article on a US House of Representatives bill which now has 221 co-sponsors to end inheritance taxes. Additionally the legislation also makes permanent the 35% gift tax rate with a $5 million lifetime exclusion.

  • Bogleheads • View topic - Help! Term Life through an Irrevocable ... 24 Jul 2014 | 12:53 pm

    Though we don't have any Estate tax issues right now, it is possible that we will run in to that situation later in life. After reading all the great advice on this board, its clear that we will have to form an Irrevocable Life Insurance Trust ("ILIT") at ...

  • Business Leaders Discuss Job Growth Concerns | WBGO Jazz 88.3FM 24 Jul 2014 | 11:00 am

    Anthony Russo with the Commerce and Industry Association of New Jersey says eliminating New Jersey's estate tax would make the state more attractive even though it could reduce state revenue by $700 million. “If you do away with that 700 ...

  • puq1s6s0gQ | Jurusan PLS Fakultas Ilmu Pendidikan 24 Jul 2014 | 2:18 am

    ... the ownership of the Steelers closely not only because I grew up in Pittsburgh but also because with the astronomical values of NFL franchises comes the inevitable estate tax bill after the death of an owner O linebacker Lawrence Timmons, ...

Home Blogs Derek's Tax Blog Cuts or Increases
Written by Derek W. Jensen
Monday, 08 June 2009 13:22

There are a lot of commentators asking if a President Obama will be able to follow through with all of his proposed tax cuts. The “cost” of his proposed tax cuts would be $2.9 trillion over 10 years. It is also likely that he will not be able to offset his tax cuts with tax increases next year due to the need to stimulate the economy. Taken as a whole the changes proposed during the campaign would substantially shift the tax burden

However, President-elect Obama’s tax proposals are not the only ones out there. House Ways and Means Chairman Charles Rangel, D-N.Y., is proposing a corporate tax cut plan.



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