Comments on: Shielded from the Tax Man http://blog.newsok.com/scissortales/2011/01/07/shielded-from-the-tax-man/ Commentary and insight on the issues of the day Sat, 25 May 2013 00:54:50 +0000 hourly 1 http://wordpress.org/?v=3.5 By: RAJ http://blog.newsok.com/scissortales/2011/01/07/shielded-from-the-tax-man/comment-page-1/#comment-802 RAJ Wed, 12 Jan 2011 13:19:50 +0000 http://blog.newsok.com/scissortales/?p=1036#comment-802 Sorry, Mark you are wrong. Starting immediately, each person can now transfer up to $5 million ($10 million per married couple) free of estate tax. The maximum estate tax rate is reduced to 35 percent.

None of Elizabeth Edwards 1.5 million would be subject to the estate tax if she had pased away after 2010.

One the other hand, Paris Hilton will be subject to the estate tax.

Nice try Mark, next time get your facts right.

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