Detailed text transcripts for TV channel - FOXNEWS - 20121019:09:24:00
Biggest threat is the expiration of the bush tax cuts. if we fall off that cliff you are looking an average tax increase of 3500 per year 300 per month. this effects everybody. >> that is important for everybody to know. >> the way it is now they value up to 5.12 million are exempt from tax. starting in 2013 that exemption rate drops to 1 million. thats a lifetime exemption. the top rate on transfers jumps from 35 to 55 percent. message being if you have your attorney you want to get thyour duck...
Source: news source