re: #391 Obdicut

In 2001, the floor (estate over the amount) that was taxable was $675,000. It’s my understanding that if the tax comes back in 2011, it would hit estates worth $1 million or more - many small businesses would be affected, since businesses are often the prime asset. During the runup in real estate, many found homes to have that kind of valuation as well, and it would have hit the estate tax forcing sales if the floor were kept at the lower levels ($675,000).