States are Raising Estate Taxes

Federal estate tax gets all the attention. As President Bush tries to do away with the federal estate tax states are in the process of raising estate taxes. According to this article(free) in the Wall Street Journal, a lot of states had orginally tied their estate tax amount to the federal credit for state "death" taxes, which disappeared this year. Many staes have separated their estate-tax system from the federal system.

The article does a good job of explaining the situation.

Tags: Estate Taxes, State Estate Taxes