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Tag: estate taxes

National Debt and Possible Tax Increases

Watch this video on YouTube Almost every politician running for president or Congress refers to the alarming growth of the national debt. It is now $23.2 trillion, or $188,000 for each individual taxpayer. Democrats blame the recent run-up of the debt on the...

Tax Consequences of New Proposed Budget

Watch this video on YouTube The current annual US budget, as proposed by President Obama, includes some significant potential changes in tax law. Among these are proposals that could result in higher capital gains taxes on inherited property, an end to most...