APPARENTLY IT DOESN'T TAKE A BRAIN TO BECOME RICH :)~~ Buffett Joins Soros in Effort to Raise Taxes on Estates :: In a joint statement today, Buffett, Soros and more than 20 other wealthy individuals asked Congress to lower the estate tax’s per-person exemption to $2 million from $5.12 million and raise the top rate to more than 45 percent from 35 percent.
One of the primary estate planning concerns for most clients is estate taxes. Indeed, for most people, the main goal of their estate plan is to reduce or eliminate Texas estate tax, if at all possible. The federal estate tax rate is 40%, however, there is an estate tax exemption available. While Texas no longer [ ] The post Answers to Your Questions about the Estate Tax appeared first on Vermillion Law Firm LLC.
Belgium’s generous tax breaks for the wealthy are almost as famous as the country’s chocolate. A combination of sizeable exemptions to inheritance tax and low taxes on capital gains have long been the envy of the rich in neighbouring France and the Netherlands — so much so that many have moved their money across the border.