Thursday, September 9, 2010 2:15 a.m.
Print edition
Home / Today's Newspaper / Arkansas* /

Vote extends tax on estates

It cancels out repeal of levy

By Jane Fullerton

Today's Most Discussed Stories
Petraeus blasts Koran bonfire (23 comments)
Feds sue Arizona sheriff in civil rights probe (65 comments)
Axelrod: Obama insists on middle-class tax cuts (17 comments)
Boozman pulls ad at UA's request (13 comments)
LIKE IT IS: It wasn’t perfect start, but it was good enough (2 comments)
And now Government Press (7 comments)

ADVERTISEMENT

• E-mail
• Print
• Comments

WASHINGTON — The U.S. House of Representatives voted Thursday to permanently extend a federal tax with a maximum rate of 45 percent on estates above $3.5 million.

The move would prevent next month’s scheduled oneyear repeal of the inheritance tax. Under current law, there would be no inheritance taxfor 2010, but in 2011, the tax rate and the number of estates it would affect would increase sharply.

The House bill passed by a 225-200 vote, with 26 Democrats joining all Republicans in voting against it.

All three Arkansas Democrats supported H.R. 4154.

“This is the best deal we’re going to get,” said Rep. Marion Berry, who joined Reps.Mike Ross and Vic Snyder in backing the ...

This story is only available from the Arkansas Online archives. Stories can be purchased individually for $1.95. Click the link below to search for this story in the archives. If the search doesn't yield any results, contact the Arkansas Democrat-Gazette library at (501) 378-3851 with the section, date and page information below. » Click here to search the Archives.

This article was published December 4, 2009 at 6:04 a.m.

Front Section, Pages 1 on 12/04/2009

Read 2 comments on this story.



Previous Story

For 6 seconds, a long, chilly wait

Sarah Palin, former Alaska governor and vice presidential candidate, signs a copy of her book Going Rogue Thursday at the Sam’s Club in Fayetteville.

About 200 people camped in freezing weather overnight to get 6 seconds with Sarah Palin on Thursday. » More

Next Story

Deputy who left jail van running fired over e...

Three days after recapturing an escaped prisoner, the Pulaski County sheriff’s office on Thursday fired the deputy who warmed up and left unlocked the van used by the priso... » More

Comments on Vote extends tax on estates

Click here to make a comment To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

arbusymom says...

The very idea of a family having to give ANYTHING to the government simply because they have suffered the loss of the life of a beloved member of that family is disgusting and immoral. That family has already had to pay the government a part of all monies earned simply because they chose to WORK to EARN the money in the first place. THEN they were forced to pay part of it to the government every time they wanted to trade some of their hard earned money for goods or services from OTHER hard working families - even the food they eat! How many times do the proponents of this immoral law think that the government can chip away at a family's money before that family has no more money from which to chip away?! What this type of legislation does is encourage people to "let the next sucker WORK for it! I'll just get a hold of one of these government teats and relax! It's not worth it to WORK for it anymore - you don't see any of it in the end!"

December 4, 2009 at 9:38 a.m. ( | suggest removal )

rpatton3 says...

This money was taxed once already and, in the case of dividends, twice.

Isn't that enough?

December 4, 2009 at 3:35 p.m. ( | suggest removal )

Registration is required to make comments. Click here to LOGIN.
You can register for FREE to post comments and receive alerts.

Site Index