Obama Potential Backlash, IRS Giving Away Trillions to Heirs of Millionaires, According to Estate St
Estate Street Partners (UltraTrust.com) affirms that if you are an individual with assets, you only have a limited time to save millions before the Tax Relief Act expires December 31, 2012. Boston, MA (PRWEB) June 21, 2012 Marginal estate tax rates are moving back to 55% on Jan 1, 2013 as it stands currently and the smart millionaires will gift their assets to an irrevocable trust to get it out of their estate in order to maximize the amount that is going to their heirs, UltraTrust.com says. This is thwarting President Obama and his cohorts from taxing more money from the wealthy. Merrill
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