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NW IL | Obama and his wife used the 5M (1,730,800 unified credit) exemption in 2011 by making gifts to his kids, so of course he will be for lowering the exemption now. Follow the link and partway down the page is a link to the PDF file for the returns then after downloading them scroll down until you get to the form 709's that were filed. http://www.whitehouse.gov/blog/2011/04/18/president-obama-and-vice-... | |
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Estate Tax
