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Entrepreneurs Struggle With Estate-Tax Strategies
December 17, 2009 /
Whatever the outcome of the federal estate-tax debate in Congress, many family-owned businesses likely will continue to use a variety of strategies to cope with the tax.
The estate tax, which stands at 45% with a $3.5 million exemption, is imposed on heirs of property and other assets. The tax is scheduled to disappear entirely next year but reappear in 201 1 with a top rate of 55% and a $1 million exception.
By EMILY MALTBY
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Posted in: Funding and Building your Business