Tax-cut expiration could give some U.S. states a windfall

10/11/2010 | Forbes

Most of the 30 U.S. states that don't impose their own estate or inheritance tax stand to see an ocean of money pour in if Congress allows the federal estate tax to return in the form that it existed in 2000, before Bush-era tax cuts. All of the states had a "pick-up" tax linked to the federal estate tax until changes in 2001 eliminated the federal levy. If the federal tax comes back, so does the state tax, according to Forbes.

View Full Article in:

Forbes

Published in Brief: