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Your Family? On Their Own
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Much is being made of the 2010 estate tax loophole in which estates like George Steinbrenner aren't being taxed. What's not as heavily publicized is that the government stands to more than make up for that when the estate tax returns next year with a vengeance, this time levying very heavy taxes on ordinary folks. Did your house appreciate to the million dollar range, as so many people's homes did over the past decade? 55% tax. MORE THAN HALF. The people who will be nailed by this are mostly NOT rich. And Congress isn't racing to fix that. WHY AREN'T YOU ANGRY ABOUT THIS? (USA Today)
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