WASHINGTON, April 16- The U.S. House of Representatives on Thursday ignored a White House veto threat and passed legislation to repeal the estate tax that hits inherited assets worth $5.4 million or more. By a mostly partisan 240-179 vote, the Republican-backed bill will be sent to the Senate, where Democrats are expected to use procedural hurdles to try to block...» Read More
WASHINGTON, April 14- The White House on Tuesday said President Barack Obama's advisers would recommend he veto a bill in the U.S. House of Representatives that would repeal the estate tax. Conservative opponents of the estate tax say it is a "death" tax and that it burdens people who are grieving. The White House said repealing it would only benefit the wealthiest...
A change in New York's estate tax contains a hidden wrinkle that could leave some multimillionaires with a much bigger surprise tax upon their death.
The Michael Jackson estate said the taxable value of the singer's image and likeness was $2,105, while the IRS says it's more like $434 million.
Attorney General Eric Holder said the subpoenas were necessary, reports CNBC's John Harwood.
Families can be torn apart or money forfeited by refusing to take death into account financially or attempting to glide over it legally. Here's how to avoid such a dismal scenario.
Disinheriting someone can be harsh, and may haunt a family member from beyond the grave, but there may be pragmatic reasons for doing so.
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.
Could a big chunk of America's millionaires vanish if we go over the cliff? CNBC's Robert Frank reports.
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.
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 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.
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.
If you paid more taxes than you feel you should have, maybe you should think about living in a state with a lower tax burden. See which states qualify as American tax havens.