silentCalfan Wrote:
Dec 31, 2012 1:25 PM
Many middle-class homes in coastal California still have a market value of a million dollars, or close to that, as a result of the housing bubble. Unless fixed, the estate tax law will steal 55% of everything over a million in those estates. When the estate tax law was passed 100 years ago it was intended to tax John D. Rockefeller; now it taxes John Doe. The federal beast is insatiable.