Comments on: 2010 Not Likely to Be All That Different From 2009 http://www.taxgirl.com/2010-not-likely-to-be-all-that-different-from-2009/ Paying taxes is painful... but reading about them shouldn't be. Sun, 12 Feb 2012 17:55:29 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Urbie http://www.taxgirl.com/2010-not-likely-to-be-all-that-different-from-2009/comment-page-1/#comment-12730 Urbie Sat, 31 Oct 2009 02:43:08 +0000 http://www.taxgirl.com/?p=4246#comment-12730 With an 89-year-old parent who is increasingly frail, this is an issue that... shall we say... hits close to home! (I hate to think of the situation in terms of taxes, but my Dad, an eminent scientist back in the day, would entirely approve of it....) :-\ With an 89-year-old parent who is increasingly frail, this is an issue that… shall we say… hits close to home! (I hate to think of the situation in terms of taxes, but my Dad, an eminent scientist back in the day, would entirely approve of it….) :-\

]]> By: Hani Sarji http://www.taxgirl.com/2010-not-likely-to-be-all-that-different-from-2009/comment-page-1/#comment-12729 Hani Sarji Fri, 30 Oct 2009 23:22:46 +0000 http://www.taxgirl.com/?p=4246#comment-12729 Tax girl, you're right: no one really knows what is going to happen in 2010 with the federal estate tax. Although the general consensus is that Congress will keep the applicable exclusion amount at $3.5M and the tax rate at 45%, no one really knows for sure. Will Congress limit valuation discounts? Will they procrastinate more and pass a law in 2010 and apply it retroactively? Will they allow for portability? What about those who own farms and ranches, should the exclusion be higher to help them? I am really interested in what is going to happen, and I know a number of people who are also interested. This is why I started Future of the Federal Estate Tax. http://threepointfive-45.blogspot.com/ Tax girl, you’re right: no one really knows what is going to happen in 2010 with the federal estate tax.

Although the general consensus is that Congress will keep the applicable exclusion amount at $3.5M and the tax rate at 45%, no one really knows for sure. Will Congress limit valuation discounts? Will they procrastinate more and pass a law in 2010 and apply it retroactively? Will they allow for portability? What about those who own farms and ranches, should the exclusion be higher to help them?

I am really interested in what is going to happen, and I know a number of people who are also interested. This is why I started Future of the Federal Estate Tax. http://threepointfive-45.blogspot.com/

]]>