Significantly, the estate tax would come back in 2011, but at an exemption and rate that many Republicans have been arguing for. Under the deal, the estate tax exemption would be up to $5 million for individuals and $10 million for couples. The tax rate would be at 35%. The exemption and rate would be in effect for two years.
via blogs.forbes.com
Well, I was right on the exemption, but 10 points off on the top rate (I split the middle and guessed 45%).
I don't necessarily see a 45% rate as terribly unfair considering the amount of estates being subjected to the tax would shrink.
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