Detailed text transcripts for TV channel - FOXNEWS - 20111025:10:04:00
Estate tax, many people wanted it to end and it bans earmarks. >> one of the other things it does is gives you credit for having people in your family. $12,500 a person. for example, two parents and the kid, $37,500 will be excluded from your income tax. start from $37,500 down. >> so if youre a working senior, they will eliminate the taxes you have to pay. that would be good for you. also, if your family makes $500,000 or less, you will continue to have the mortgage deduction and youll be able ...
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