Michigan' Senator Levin is on the Senate committee that will work to retroactively reinstate a federal tax on multimillion-dollar estates that expired Dec. 31. The Federal legislation, most likely, will seek an extension of a 2009 law, which applied a 45 percent tax rate on the value of estates that exceeded $3.5 million per individual.
"The sooner we do it, the better," Levin said in the Business Week article, which you can read at Levin Says House to Begin Extension of Bush Tax Cuts...
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