While income tax rates and spending issues received all the attention, the estate tax was also a big pasrt of the last minute "fiscal cliff" negotiations!  In 2012, the exemption amount as $5.12 million and the rate 35%.  If Congress did not act, the exemption would fall back to $1 million and the rate rise to 55%!! 

Fortunately, at this this time, Congress did something right!  Deborah Jacobs of Forbes.com explains:


Pin It