Friday, August 27, 2010

A Historical Perspective of the Estate Tax

The conservative Heritage Foundation has posted this summary of the history of the estate tax in the United States.  A key point is that, assuming we do in fact revert to a $1 million per person federal estate tax exemption next January, the relative exemption in 2011 will be about one-tenth of the exemption amount as was in effect when the "modern" estate tax was first implemented in 1916 

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