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July 1, 2009

New Strategies to Keep Your Wealth, Despite Washington

By Irving Blackman, CPA

This article is a continuation of my series of articles dealing with “How to make it, how to keep it.” Let’s start with some new tax laws Congress is likely to pass before 2009 ends. First are the good guys. The current law (for 2009 only) exempts your first $3.5 million of net worth from the estate tax ($7 million for married folks) with the top rate at 45 percent...

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