This renewal of reducing the estate tax exemption and raising the top estate tax rate by some wealthy people (mostly democrats) has been going on for quite a while. A comment to this article is on point in that if a middle estate is taxed on land valued at say $3,000,000 that land would have to be sold to pay the tax. See this article in Accounting Today by Richard Rubin
http://www.accountingtoday.com/news/Buffett-Soros-Renew-Effort-to-Increase-Estate-Tax-64972-1.html?ET=webcpa:e6435:204199a:&st=email
Let’s just get something passed that both sides are unhappy with, which means it is probably a good compromise!
Remember, for financial, accounting and tax musings,
You can count on us to count for you!
email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com 