April 9, 2009
Nonprofit Groups Urge Action on Estate Tax
Two umbrella groups of nonprofit organizations are asking the House and Senate to make the estate tax permanent and at levels that are already in effect this year.
Under current law, heirs can exempt $3.5-million from taxes ($7-million for couples), with amounts above that taxed at 45 percent.
In 2001, Congress passed the current law that gradually phases out the estate tax through 2009 and repeals it for 2010. In 2011, however, that current law is set to expire and estate-tax
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