Rochelle's Blog
Written by Rochelle L. Haller
Under the terms of the bill, an income tax of 4.5% would be...
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Friday, 05 March 2010 10:49
Washington State Majority Leader Lisa Brown, D-Spokane, is at it again. For the second year in a row, Brown has raised the idea of an income tax. The difference is that this year she is backed by legislation – Senate Bill 6250, sponsored by Sen. Rosa Franklin, D-Tacoma. It is not clear whether the bill will even get a floor vote or if there is enough support to get the bill passed out of Senate … but what if it does?Under the terms of the bill, an income tax of 4.5% would be...
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Written by Rochelle L. Haller
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Monday, 01 March 2010 10:33
As we welcome the 1st day of March, Congress has failed to provide any answers regarding the future of the federal estate tax. As most of you know, no federal estate tax will be imposed on taxpayers dying in 2010. However, in 2011, the estate tax is slated to make a hefty comeback – taxpayers will be allowed a $1 million exemption, but anything over that amount will be taxed at 55%. Congress has hinted that it intends to retroactively impose an estate tax for 2010, but given...Read more...
Written by Rochelle L. Haller
While not all people are concerned about the fluctuating status of the federal estate tax¸ there is...
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Monday, 04 January 2010 11:07
Well folks, today is a day that many estate planning attorneys thought that they would never see … the eve of the federal estate tax year long repeal. As of January 1st, the federal estate tax goes away until January 1, 2011, at which point it comes back with a vengeance ($1,000,000 exemption and 55% tax rate, as opposed to the $3,500,000 exemption and 45% tax rate realized in 2009).While not all people are concerned about the fluctuating status of the federal estate tax¸ there is...
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Written by Rochelle L. Haller
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Friday, 20 November 2009 17:03
High wage earners may have reason to be concerned about several proposed tax changes coming in 2010 and 2011. According to a Wall Street Journal article, some of the proposed changes are as follows:In 2011, marginal income tax rates are set to rise from 35% to 39.6%.In 2011, capital gains tax rates are set to rise from 15% to 20% and dividends would be taxed at the same rate as regular income. President Obama has proposed making the 15% capital gain tax rate permanent for most people...Read more...
Written by Rochelle L. Haller
Bill and Sara have been married for 25 years and have two children, 24 year old Jennifer and 18 year old Michael. Bill and Sara know that they have to take the time to meet with a lawyer to set up an estate...
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Tuesday, 08 September 2009 10:08
Many people think that the only reason to create a will is to name guardians for their minor children. While that is definitely an important reason, there are many other things a will can do to secure the future of your children. For example, consider the following scenario:Bill and Sara have been married for 25 years and have two children, 24 year old Jennifer and 18 year old Michael. Bill and Sara know that they have to take the time to meet with a lawyer to set up an estate...
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