Tax Guru – Ker$tetter Letter

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Another broken promise…

Posted by taxguru on December 2, 2009

2010 estate tax may go from 0 to 45 percent – You had to know that the tax free year wasn’t safe from attack by our money starved rulers in DC.  They simply can’t resist the urge to raise taxes on the “evil rich.”

For them, promises are meant to be broken and they have no qualms about backing off of lower tax promises.  As I have been warning since the inception of Roth IRAs, I wouldn’t be surprised to see their tax free status removed for those considered by our rulers to be evil rich.

 

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