Janet Novak of Forbes Magazine recently published commentary for her blog, Taxing Matters. Her new piece examines the consequences of the estate tax lapse for "moderately well-to do families." Specifically, Novak suggests, that because the Bush tax cuts eliminated the full "step-up" in basis for capital assets for 2010, the heirs of these upper-middle class families may pay more in Federal taxes on their inheritence in this year than in 2009 .
Posted by Joshua Hock, Associate Editor, Wealth Strategies Journal
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