Inheritance Taxes

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U.S. House Passes Estate Tax Relief

The U.S. House of Representatives on Dec. 4 passed the Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009 (H.R.4154) that would extend and make permanent the 45% inheritance tax and the current $3.5 million exemption, $7 million for married taxpayers, according to an advisory from the American Horse Council.

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