If this bill passes – it means that over 99% of Americans will not have an estate tax problem. This would significantly affect financial planning (specifically how much Life Insurance to keep permanently for Estate Tax purposes).
WASHINGTON BUREAU — H.R. 4154 — a bill that would make the 2009 estate tax level permanent — is set to come to the House floor Thursday.
The bill, introduced by Rep. Earl Pomeroy, D-N.D., would keep the 2009 estate tax rate of 45% and the current $3.5 million-per-person exemption.
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