Estate Tax Uncertainty Riles Charities
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NEW YORK, November 10, 2009, The Wall Street Journal — The wealthy and their advisers aren't the only ones riled by the lack of certainty over next year's estate tax. Charities also have a big stake.
Charities and foundations are urging lawmakers to maintain the tax at 2009 levels, including a 45% rate and a $3.5 million exemption. Nonprofit coalition groups such as the Washington's Independent Sector and Arlington, Va.'s Council on Foundations are asking their constituents to lobby Congress.