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C1 House Passes Tax Bill The House passed legislation that would overhaul the corporate tax code and offer $140 billion in tax breaks.
Once the deadline passes, tax cheats will face stiffer penalties and, if caught, will have a far greater chance of being prosecuted.
A5 World Briefing A10 NATIONAL A16-23 Senate Passes Tax Cut For Married Couples The Senate passed a tax cut for married couples, 61 to 38.
THE New York Times surprised me with their depiction of the tax-cuts-and-unemployment-extension agreement beteween Barack Obama and congressional Republican leaders: "Senate passes tax package in a drift to bipartisanship".
Mr. Zuckerman said any portion of a gift over that amount also reduces the giver's federal gift and estate tax exemption -- the amount of a decedent's estate that passes tax free to heirs.
A5 World Briefing A6 NATIONAL A10-16 House Passes Tax Bill; 10 Democrats Break Ranks The House, voting 230 to 198, approved the heart of President Bush's tax-cut plan, an across-the-board reduction in income tax rates.
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So, if a home owned by a married couple is worth, say, $4 million, the property passes tax-free to the survivor when one spouse dies, regardless of how it is owned.
They have passed tax cuts people have liked.
President Bush didn't hesitate to pass tax cuts for the wealthy using reconciliation.
Their long-standing plan has been to use the next budget vehicle to pass tax reform.
"I want the Congress to pass tax relief now," Mr. Bush told reporters at the White House.
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CEO of Professional Science Editing for Scientists @ prosciediting.com