By Mike Barnett
I always heard that the only thing sure in life is death and taxes and you can be assured your estate will be taxed to death if it’s big enough when you die.
That’s why a headline in a recent American Farm Bureau Federation news release caught my attention. It noted that estate taxes are ripe for repeal with 218 co-sponsors—more than half of the House of Representatives—on board for legislation to permanently repeal the estate tax.
Not only would Texas Congressman Kevin Brady’s Death Tax Repeal Act, HR 2429, repeal estate taxes, it would maintain stepped-up basis.Read More