2010 - Estate Tax is Unfixed
Congress in its wisdom, radically altered the estate tax at the dawning of the new millennium. Far into the future, the tax would be repealed in the year 2010 with zero estate taxes. Many believed congress would enact new legislation long before the 2010 repeal. But alas, the year has turned, and the law still stands. For the first time since 1916, Americans can contemplate dying without facing an estate tax. But the story doesn't end there; in 2011, the law will sunset to the 2001 estate tax levels.