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Written by Derek W. Jensen   
Wednesday, 18 November 2009 13:45
There likely will be no permanent Estate Tax Bill this year. Instead, members of the House Ways and Means Committee hope to move legislation that extends current estate tax levels for one year. The Dow Jones Newswire article describes the problem this way:

But House Democrats are blanching at the $256 billion, 10-year cost of making the 2009 policy permanent. As millions of low-income and middle-income Americans are struggling to climb out of the recession, they don't want to cast a...

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Written by Derek W. Jensen   
Tuesday, 17 November 2009 16:31
The House is likely to delay estate tax legislation until after the Thanksgiving recess. This will virtually ensure that the legislation we see this year will be a one year extension of the current law. This isn't significant news since the one year extension was looking more and more like the only thing that would be considered due to the backlog of legislation in the Senate. What is interesting is that there appears to be a split developing among the Democrats on how to proceed on the...

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Written by Derek W. Jensen   
Saturday, 07 November 2009 09:17
"Warren Buffett, the collector" is the title of a recent Seattle Times Editorial. The position of the Seattle Times' publisher on the Estate Tax is well known. So, it should come as no surprise that an editorial would seek to critique one of the Estate Tax's most public proponents.

"We have a bone to pick with Buffett about the federal tax on estates. He defends the death tax in terms of meritocracy, though we think it's more because the tax's 45-percent top rate — increasing to 55 percent...

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Written by Derek W. Jensen   
Friday, 06 November 2009 00:00
What are the tax implications for Washington's new Everything But Marriage Law? Plenty.

Washington's voter approved Referendum 71, the so called Everything But Marriage Law, creates some interesting Federal Estate and Gift Tax results. Under this law Registered Domestic Partners will get all of the state law protections and rights that a married couple have. This even extends to the right to community property and the right to leave your estate to your partner free from state estate tax...

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Written by Derek W. Jensen   
Wednesday, 04 November 2009 15:21
As the Estate Tax Debate picks up, liberal advocacy groups are backing Rep. McDermott's bill. If you don't recall, that bill would set the exemption at $2.0 million.

“We have just spent a huge amount bailing out Wall Street,” Lee Farris of United for a Fair Economy said. “Now, it would be a lousy time to send even more money to the wealthy.”

Another group also behind McDermott’s bill is Citizens for Tax Justice and Results, an anti-poverty group.

On the other side of the issue...

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