2010-01-11T09:53:48Z opencongress.org tag:opencongress.org,2007:/bill/comments/61876 2010-01-11T09:53:48Z tag:opencongress.org,2010-01-11:/comment/181271 crtwining The carry over basis rules in effect currently for 2010 would be a defacto estate or death tax anyway. Unfortunately, it would affect far more people than the 2009 $3.5 million estate tax applicable exclusion amount that this bill would put into place retroactively for 2010. For the vast majority of people this will result in no taxes whereas under the current 2010 law a large number of people will owe capital gains taxes when they go to sell mom or dad's property. There is no do away with minority discounting. All in all a good compromise. Besides those with wealth above 7 million per couple have numerous methods available to them if they plan ahead of time including ILITs, GRATs, CLATs, QPRTs, IDGTs etc to avoid estate tax liability. 2009-12-02T11:13:16Z tag:opencongress.org,2009-12-02:/comment/173888 brking with our national debt reaching near 100% of our GDP, the bush tax cuts totaling 1.4 trillion from 2001 to 2010 should be reimposed by let them expire. it should be no surprise that this tax helped out the to bracket of tax payers by fare. it cut their taxes by 3%. considering they pay 35% of all taxes that a dramatic cut. with possible health-care bill being passed and the war cost we can't afford to cut tax.