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But the tax cut expires soon! <img src="/ubbthreads/images/graemlins/shocked.gif" alt="" />

That is what my text book says here... are we talking about the estate tax? I know nothing about this area of the law - as in, I'm 20 pages in to "learning" about it - but they mentioned that the tax breaks get better and better from '01-'11 - and then they go away?

Yes, Bush implemented a break on the estate tax. It expires soon. If you read the WallStreetJournal, you can find some articles indicating that some families would be better off actually having their senior members die off prior to 2011, lol.

Ain't it terrible!

I might have missed it if you answered - but are you an attorney (or CPA or something)?

I am so looking forward to getting out of debt accumulation mode... I've been racing through school as quickly as possible!

JYD#9