The Coming Obama Tax Increases - Part 3

Warning: "In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011."

The return of the Death Tax
This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.

More on the Obama Administration's incentivizing death here. Or as Rob Long said, "Who needs Death Panels when we have a Death Tax?"

More to follow....

Source: Americans for Tax Reform