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 you're 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 you'll be able to deduct your charitable contributions as well and right there at the bottom, there's what brian ...