{"id":35081,"date":"2013-02-18T08:13:24","date_gmt":"2013-02-18T13:13:24","guid":{"rendered":"https:\/\/thevwindependent.com\/?p=35081"},"modified":"2013-02-18T08:13:24","modified_gmt":"2013-02-18T13:13:24","slug":"latta-introduces-estate-tax-repeal-bill","status":"publish","type":"post","link":"https:\/\/thevwindependent.com\/news\/2013\/02\/18\/latta-introduces-estate-tax-repeal-bill\/","title":{"rendered":"Latta introduces estate tax repeal bill"},"content":{"rendered":"<p><em>Information submitted<\/em><\/p>\n<p>WASHINGTON, D.C. \u2013 U.S. Representative Bob Latta (R-Bowling Green) has introduced a bill to permanently repeal the estate tax and ensure that individuals are not taxed on the increased value of an estate by retaining the stepped-up basis at death.<\/p>\n<p>\u201cOur nation was founded on the belief that through hard work, an individual can create an inheritance for future generations. The estate tax, also known as the death tax, punishes the efforts and investments that hardworking taxpayers have made during their lifetime. Many families are forced to sell off land, equipment and assets in order to pay the tax,\u201d said Congressman Latta. \u201cPermanently eliminating the estate tax is an important step in ensuring that our small businesses and farmers, which are an essential part of Ohio\u2019s economy, can grow and prosper into future generations.\u201d<\/p>\n<p>Currently the top estate tax rate is set at 40 percent, with an exemption of $5 million, indexing that exemption amount to inflation.\u00a0The estate tax is a federal tax levied against the assets of a person\u2019s estate when they pass away.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Information submitted WASHINGTON, D.C. \u2013 U.S. Representative Bob Latta (R-Bowling Green) has introduced a bill to permanently repeal the estate tax and ensure that individuals are not taxed on the increased value of an estate by retaining the stepped-up basis at death. \u201cOur nation was founded on the belief that through hard work, an individual [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-35081","post","type-post","status-publish","format-standard","hentry","category-news"],"publishpress_future_action":{"enabled":false,"date":"2026-06-26 12:38:32","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts\/35081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/comments?post=35081"}],"version-history":[{"count":0,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts\/35081\/revisions"}],"wp:attachment":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/media?parent=35081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/categories?post=35081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/tags?post=35081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}