Estate Tax

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• How to Disinherit Loved Ones—And Which You Can't

  

  Disinheriting someone can be harsh, and may haunt a family member from beyond the grave, but there may be pragmatic reasons for doing so.

• Nebraska bill would lower inheritance tax rates

  LINCOLN, Neb.-- A Nebraska lawmaker has introduced a bill that would lower the state's inheritance tax rates. John Wightman of Lexington proposed legislation on Wednesday that would reduce the rates paid by both relatives and non-relatives.

• Future of state estate taxes hangs on U.S. 'fiscal cliff'

  In an example of federal and state tax law interaction that gets little notice on Capitol Hill, 30 states next year could collect $3 billion more in estate taxes if Congress and President Barack Obama do not act soon, estimated the Urban-Brookings Tax Policy Center, a Washington think tank.

• UPDATE 4-Berkshire buyback seen clashing with estate tax push

  Dec 12- Warren Buffett's $1.2 billion share buyback from a single unnamed investor likely helped that person's estate save substantially on taxes, just one day after the Berkshire Hathaway CEO said the rich should actually be paying more, not less, when they die.

• UPDATE 2-Berkshire buys $1.2 bln in stock from single investor

  Dec 12- Warren Buffett's conglomerate Berkshire Hathaway Inc bought back $1.2 billion in stock from the estate of an unnamed investor, the company said on Wednesday, one day after Buffett advocated for a higher estate tax when the wealthy die.

• Estate Taxes Over the 'Fiscal Cliff' 

  

  Will going over the "fiscal cliff" trigger a huge hike in estate taxes? CNBC's Robert Frank breaks down the numbers. CNBC contributor Jared Bernstein and Dan Mitchell, Cato Institute, debate whether the estate tax should be abolished.

• Millionaire Downgrade 

  

  Could a big chunk of America's millionaires vanish if we go over the cliff? CNBC's Robert Frank reports.

• RPT-ANALYSIS-Democrats' discord undercuts Obama estate tax push

  WASHINGTON, Nov 30- Divisions among Democrats are undermining President Barack Obama's push to raise the U.S. estate tax on inherited wealth, just weeks before the arrival of the "fiscal cliff" could drive the present estate tax rate even higher than Obama proposes.

• ANALYSIS-Democrats' discord undercuts Obama estate tax push

  WASHINGTON, Nov 30- Divisions among Democrats are undermining President Barack Obama's push to raise the U.S. estate tax on inherited wealth, just weeks before the arrival of the "fiscal cliff" could drive the present estate tax rate even higher than Obama proposes.

• Wealthy Dump Assets Amid Worries About Going Over 'Cliff'

  

  Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.

• Business Prescriptions for America

  

  The business community has no shortage of people willing to offer their diagnoses for what ails the country. Read ahead to see their prescriptions for America.

• Mitt Romney Tells Voters: If I'm Elected, Don't Expect Huge Tax Cuts

  

  Mitt Romney says Americans shouldn't expect a big tax cut from him if he's elected, because the nation also has to think about how to tame out-of-control federal deficits.

• Spendthrifts and Nest Eggs Don't Mix

  

  Sure, income is important, but without the right discipline it is easy to eat up cash, regardless of your rate of return. Here's how to keep a lid on spending.

• Tax Status for Same-Sex Spouses: Married, Filing Oddly

  

  Taxes for same-sex couples are far more complex than those for heterosexual couples because the 1996 Defense of Marriage Act (DOMA) prohibits same-sex marriages from being recognized at the federal level.