tax policy center

BUDGET
Just a few months ago, President Obama and Republican lawmakers on Capitol Hill negotiated their way off the fiscal cliff and agreed to make the estate tax a mere shadow of its former self - so much so, according to estimates from the Tax Policy Center, that only 3,800 estates will owe any federal estate tax in 2013.
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Get ready to pay more in taxes, that is, if we fall off the so-called fiscal cliff (and perhaps even if we don't).
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