How the fiscal cliff impacts estate taxes | Synopsis

How the fiscal cliff impacts estate taxes

[3] Describes perfectly the feeling for many on Tax Day! Right? Feelings captured, a bravo is in order! BRAVO FOLKS! Enjoy!:) by || UggBoy♥UggGirl || PHOTO || WORLD || TRAVEL ||
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Excerpt:

(CBS News) NAPA VALLEY, Calif. - Income taxes won't be the only taxes going up if there's no agreement on the fiscal cliff. Estate taxes -- paid by those who inherit property -- will also jump. We look at how this could affect some families. Jeff Page owns a 120-acre vineyard in California's Napa Valley. But when his great grandfather started farming here in the late 1800s, this was cattle country. "Both sides of the family came in before the turn of the century and farmed orchard fruit and cattle," said Page. But much of the land he grew up on is gone -- sold to pay estate taxes after his grandfather's death. Page's grandfather died in 1972 when estate taxes were at an all-time high -- 77 percent. "It was a big tax bill," said Page. "It was half a million dollars. We sold off 150 acres.

Concepts:

Tax Inheritance Inheritance tax Taxation Family Progressive tax Estate tax in the United States

People:

Jeff Page

Overall Sentiment: 0.138394

Relevance: 0.830986

Sentiment	Quote
0	"Both sides of the family came in before the turn of the century and farmed orchard fruit and cattle," said Page.
0	"It was a big tax bill," said Page.
0.0187203	"It was a big tax bill," said Page. "It was half a million dollars. We sold off 150 acres. It gave us something to pay the tax with."
Sentiment Stats:	Number of Quotes: 3 Aggregate Sentiment: 0.0187203 Mean: 0.0062401 Standard Deviation: 1

Jeff

Overall Sentiment: -0.158068

Relevance: 0.252675

Mary

Overall Sentiment: -0.187272

Relevance: 0.220095

Disambiguation: References:

• Mary Mallon: dbpedia
• Mary Mallon: freebase
• Mary Mallon: umbel
• Mary Mallon: yago

Key:

• Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
• The Mean is meant to be an indicator of an individual's average comment sentiment.
• The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).

Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.

Additional Info:

Region: Napa Valley

Overall Sentiment: 0.163106

Relevance: 0.887975

Disambiguation: Location | Appellation | WineRegion | CityTownReferences:

• Napa Valley AVA: dbpedia
• Napa Valley AVA: freebase
• Napa Valley AVA: umbel
• Napa Valley AVA: yago

FieldTerminology: estate tax

Overall Sentiment: 0.0979962

Relevance: 0.380572

Tags Details

Webpage Provided Desc:

Estate taxes -- paid by those who inherit property -- will jump if there's no agreement on the fiscal cliff

Webpage Provided Keywords:

• dpst cbsfiscalcliff
• estate taxes
• fiscal cliff
• inheritance

URL Provided Title:

How the fiscal cliff impacts estate taxes

Source : How the fiscal cliff impacts estate taxes

Data Sources

Full Content: http://feeds.cbsnews.com/~r/CBSNewsBusiness/~3/xJVk6vlEkXo/

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