Interesting snippet from the WSJ

[kcjenkins]

http://taxprof.typepad.com/taxprof_blog/20...-death-tax.html

[MontanaEA]

I think this is great. The exemption of the first $7 million per couple, $3.5 million per individual, the reinstatement of the step-up in basis rules, and the prevention of the exemption reverting back to the old amount (was it $1 million?), as was scheduled for 2011 all seem fair and good ways to make the estate tax easier to plan for and less erratic in its provisions. I'm all for it!

[LindaB]

Thanks for the link, KC. I don't feel strongly about the estate tax one way or the other, but I would sure hate to see the step-up basis on inherited property go away. That would a tax increase on lots of taxpayers.