November 11, 2004
A Compromise on the Estate Tax
When the newly elected Congress gets down to business next year, among the issues it will consider is the fate of the estate tax. The tax is now scheduled to be phased out through 2009 and disappear completely in 2010, but then reappear a year later in 2011.
Congress is divided over whether to repeal the tax permanently or to retain it in a substantially scaled-back form. A critical question is whether elimination of the estate tax would harm charities -- and the people and
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