Recorded interview on KKNW 1150 am – Femme Finance with Debbie Whitlock
Broadcast January 2011
Subject: The New Tax Bill passed December 2010
“Tax Relief Unemployment Insurance Re-authorization and Job Creation Act of 2010”
(TR 2-10)
(note: these can take a minute or two for loading depending on your internet speed)
- Introduction
- 4 main components
- 1. Extension of Income Tax Cuts
- 2. $57 million extension of emergency unemployment benefits
- 3. 1-year reduction in individual social security payroll tax rate
- 4. 2-year reduction in estate taxes
- Other Components of TR 2-10
- Social Security Implications
- Political Significance
- Estate Taxes and the Deficit
- Changes over the past few years
- 2011 & 2012
- $5 million per person inheritance exemptions for federal taxes
- Gift up to $5 million per person
- Review
- Estate Tax implications and philosophy
- Uncertainty issues going forward